The Latest Breaking News from Gregory Daco

Workers’ share of America’s income is at a record low before the AI boom even begins

EY-Parthenon chief economist Gregory Daco says that the economy’s surprising productivity gains so far predate AI.

Fortune · Sep 4

The Fed is watching AI token prices. Here’s why CFOs should, too

Fed Chairman Kevin Warsh flagged token prices as a window into AI's economics.

Fortune · Aug 31

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 · Jul 29

Trump once again pushes Powell to drop rates 'IMMEDIATELY,' but a zero-cut year looks increasingly likely

"We have revised our baseline to show only one rate cut in 2026 ... but it is entirely plausible that the Fed won’t deliver any rate cuts this year."

Fortune · Mar 13

How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

As the price of crude oil surged, consumers were feeling the effects of the Iran war and its damage to worldwide energy production

The Independent UK · Mar 9

Productivity gains fuel U.S. growth while hiring slows

EY Chief Economist Gregory Daco says businesses are generating growth with fewer workers and rising efficiency.

Fortune · Jan 12

'Two Different Worlds,' A Quarter Of U.S. Households Are Living Paycheck To Paycheck Study Finds

Nearly one-quarter of U.S. households are living paycheck to paycheck, according to a study by the Bank of America Institute released last week. 

Benzinga · Nov 24, 2025

Gold’s record price is driven by the ‘debasement trade,’ China, and fear of an AI bubble, analysts say

Gold surged past $4,000 an ounce, up 50% this year, driven by investor fears over government debt, a weaker dollar, a buying spree by China’s central bank, and concerns the AI stock boom may collapse.

Fortune · Oct 8, 2025

CFOs must focus on agility in scenario planning amid government shutdown, says economist

Planning for resilience has become a strategy for survival.

Fortune · Oct 2, 2025

US Fed Set For First Rate Cut Of 2025 As Trump Pressure Looms

The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles competing forces in the path forward -- with heightened political pressure and likely divisions among its ranks.

International Business Times · Sep 17, 2025