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The Latest Breaking News from Diane Swonk

Amazon workers on food stamps have tripled despite its record revenue—and it’s just the latest evidence of the new economy of shrinking labor shares

“These are families that are really barely able to make ends meet,” one policy expert said. “And yet they are working, and they are working a lot.”

Fortune

Trump Has No Regrets Over Iran War as Diesel Hits $6 Per Gallon: 'If I Had to Do It Again, I'd Do Exactly What I Did'

Donald Trump has defended the Iran war as US diesel prices exceed $6 a gallon, oil remains above $100 per barrel, and rising borrowing costs threaten to deepen inflationary pressure.

International Business Times UK

Inflation won’t die. Now the bond market is daring the Fed to do something about it

The 10-year Treasury yield is nearing 5% as oil, tariffs and sticky service prices raise fears that Kevin Warsh may have to restart the rate-hiking cycle.

Fortune

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Inflation came in perfectly on forecast. Almost everything underneath it is a ‘mess’

July CPI offered some welcome relief, but the report masks stubborn rent increases and wages that can barely keep up.

Fortune

Inflation clouds Fed decision despite hold expectations

The US Federal Reserve is expected to maintain current interest rates on Wednesday. Analysts anticipate some policymakers may dissent, advocating for a rate increase. Surging inflation, fueled by President Donald Trump's actions, is a significant concern for many. Policymakers worry about inflation expectations becoming unmoored from the two percent target.…

The Economic Times

US Federal Reserve expected to hold rates steady as inflation swirls

The US Federal Reserve is set to hold its second meeting under new chairman Kevin Warsh starting Tuesday, with markets expecting policymakers to keep interest rates steady amid inflation concerns that could be exacerbated by US President Donald Trump's renewed war on Iran. Most investors expect the Fed to hold…

The Economic Times

'A miserable number': Iran war and AI spending drove inflation to a 3-year high

KPMG's Diane Swonk says the Iran war is in your groceries, AI is in your electricity bill, and the Fed has no easy way out.

Fortune

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Top economist Mark Zandi says the indicator that has called every recession since WWII just signaled we're already in one

The Vicious Cycle Index is a recession indicator that takes labor force participation changes into consideration. The top economist at Moody’s Analytics said it’s flashing red.

Fortune

The jobs report looks good ‘for the wrong reasons,’ top economist warns: It’s hiding how many Americans are giving up

The strong March number takes rate cuts off the table, and lets the Fed focus squarely on inflation.

Fortune

How a war in the Middle East is hiking your mortgage rate in America

The 30-year fixed mortgage rate rose to 6.43% last week, its highest level since last October.

Fortune

Top economist says Iran war could trigger an economic ‘butterfly effect’—and keep inflation elevated for years

"Much like we saw in the wake of the pandemic," KPMG's Diane Swonk said, "those changes could trigger a longer-lasting bout of inflation."

Fortune

The record gap between corporate profits and worker pay has an ‘undercurrent of betrayal,’ top economist warns

“Something in our economic narrative is broken.”

Fortune

Trump’s tax refund promises from the ‘Big Beautiful Bill’ are temporary, the ‘sugar high will be short lived’

Trump didn’t account for inflation.

We Got This Covered

Top economist says latest jobs data shows a 'gut-wrenching’ labor market for the middle class

“We’re growing, but we can’t generate jobs,” KPMG chief economist Diane Swonk told Fortune. “Never seen anything like it.”

Fortune

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Fortune

The weakest labor market since 2011 has BofA asking, ‘Dude, where’s my job?’

“A lack of recovery in the jobs market and a slower U.S. economy are key risks to watch for in 2026.”

Fortune

Obama’s former top economic advisor says he feels 'a tiny bit bad' for Trump because gas prices are low, but consumer confidence is still plummeting

“Consumers are just in this, whatever the highest price is, is the price they're going to focus on,” Harvard professor Jason Furman said.

Fortune

GDP data confirms the Gen Z nightmare: the era of jobless growth is here

"I've never seen anything like it," KPMG's chief economist Diane Swonk told Fortune.

Fortune

'We might need more than a few grains of salt': Top economists pan inflation report that effectively assumed housing inflation was zero

The culprit, several economists say, is the extended government shutdown.

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Fortune

Top economist Diane Swonk: Jerome Powell risks losing the Fed’s credibility on a gamble over AI and immigration

It all comes down to the reason behind the weakness in unemployment and Powell’s diagnosis of the “low-hire, low-fire” economy of 2025.

The Independent UK

'No hire' job market leaves unemployed in limbo as threats to economy multiply

The unemployment rate is low and the economy is still growing, but those out of work face the slowest pace of hiring in more than a decade

Fortune

These 2 states will determine if the U.S. slips into a recession while one more enters the danger zone, top economist says

“This state-level picture mirrors the national trend: The U.S. economy is not in recession, but it is struggling to avoid one.”

Fortune

Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’

Diane Swonk, chief economist at KPMG, sees a “creep instead of a surge” in inflation. Things are uneasy below the surface.

International Business Times

US Fed Set To Hold Firm Against Trump Pressure

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge.

International Business Times

US Fed Set To Hold Rates Steady In The Face Of Trump Pressure

The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate cuts, as officials contend with uncertainty sparked by the Republican's tariffs.

International Business Times

What Comes Next In Trump's Legal Battle Over Tariffs?

A US federal appeals court has temporarily halted a ruling that found many of President Donald Trump's tariffs illegal, but the chance it could ultimately back the original decision looms over the White House.

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