WWU Center for Economic and Business Research @PugetSoundEF
The Center for Economic and Business Research (CEBR) at Western Washington University. Publishers of the award-winning Puget Sound Economic Forecaster.economicforecaster.com Bellingham, WAJoined December 2018
“Low hiring, low firing” has become a catchphrase to describe the US labor market lately. Economists have been using it on a recurring basis, and so has Federal Reserve Chair Jerome Powell. buff.ly/uImuSiu
Trump’s “unpredictable” policymaking and immigration crackdowns have prompted some multinational businesses to consider relocating staff from the US or diverting activity away from the world’s largest economy, according to executives and their advisers. buff.ly/EaXzVx6
Two sudden bankruptcies in the auto world—of a subprime lender and a parts supplier—have prompted analysts to ask whether something profound is ailing U.S. borrowers. buff.ly/ViAYOAc
Global growth will drop to 2.9% next year, according to the OECD, which revised down its projection from 3.2%, citing higher import duties and the full impact of Donald Trump’s trade measures. buff.ly/dDpeIk2
Congressional leaders are set to head to the White House amid low expectations of avoiding at least a brief government shutdown, less than 48 hours before federal funding lapses. buff.ly/PkNQX1h
Inflation is worse than the CPI shows. The widely watched gauge of consumer prices fails to capture the cost of living crisis for many Americans, argues Gene Ludwig. buff.ly/6r5pU6k
This Week:
Monday: Trump hosts last-minute talks to avert a shutdown ahead of an expected redo of a Senate vote to keep the government funded beyond Tuesday.
Tuesday: The U.S. fiscal year ends.
Friday: The Labor Department put out its September jobs report.
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