The National Financial Conditions Index (NFCI) ticked down to –0.10 in the week ending October 28, suggesting financial conditions loosened slightly again. #EconTwitter #economy #chicagofed

In late August, President Biden announced one-time student loan forgiveness of up to $10,000 per borrower, or $20,000 for lower-income students receiving at least one Pell Grant during college. #studentloanforgiveness

Current Series I Savings Bonds interest rate is 6.89% for savings #bonds issued November 1, 2022 to April 30, 2023 📍#savingsbonds #inflation

#thefed statement still made no mention of any easing of inflation pressures, but new commentary around the future path of rate hikes suggested that the Fed may move to smaller rate hikes as soon as the December meeting. 💰#useconomy #FederalReserve #inflation #rates #macro

one relationship that has changed over time is the ability of workers to bid-up wages. While labor supply shortages have indeed contributed to wage growth during this business cycle, continued tightness at this point is not sending wages much higher. #JobsReport #inflation

Participants in early childhood programs that enrich home environments grow up with better skills, jobs, earnings, marital stability, and health, as well as reduced participation in crime, from Jorge Luis García and James J. Heckman nber.org/papers/w30610 #parenting

Chairman Powell's hawkish rhetoric at last week's meeting signaled that any sort of pausing seems premature, and that the runway for rate hikes may extend further into #2023 than many expect. #thefed #chairmanpowell

Inflation is always and everywhere a monetary phenomenon #friedman #inflation

I am happy to share that I have passed the Certified Investment Management Analyst® exam, a designation offered by the Investments & Wealth Institute. A thank you to Jim Dobbs, CFP®, CIMA®, CPWA® and the faculty at Yale School of Management for the experience and knowledge gained!

Payroll employment grew by 263,000 in November (consensus 200,000) with total down revisions of 23,000 for the prior 2 months #thejobmarket #JobsReport #thefed

Will the #fed hike 50 bps next week?

I am deeply grateful for all the birthday wishes I received today. Yet, 38 years ago, on January 11, 1987, the most beautiful person I know embarked on the challenging journey of childbirth at just 18 years old. As a father, I now comprehend the fear that must have accompanied