Core PCE vs Core CPI: A Record Gap Opens
Core PCE vs core CPI has inverted by 0.72 points, the widest in 425 months, and the Fed acts on...
Blog
Our blog covers every aspect of the global economy, and we update our content regularly, so you can be informed about the most important topics.
US Labor Market: 316,000 Jobs in a Year
The US labor market added 316,000 jobs in twelve months, the weakest outside a recession since 1990, while unemployment stayed...
What Is a Firm? Why Companies Exist and How They Decide<
What is a firm? An organization that replaces market bargaining with management. Why firms exist, where their boundaries sit, and...
What Is a Monopoly? Market Power, Pricing, and Why It Matters
What is a monopoly? One seller, no close substitute, and blocked entry. How monopolists set prices, what deadweight loss means,...
What Is a Stock? Shares, Ownership, and How Equity Markets Work
What is a stock? A unit of ownership carrying a claim on whatever remains after every promise a company has...
What Is a Subsidy? How Governments Support Producers and Consumers
What is a subsidy? A government transfer that lowers what buyers pay or raises what sellers receive, and the largest...
What Is a Tax? Types, Incidence, and Why Governments Collect Them
What is a tax? A compulsory payment that buys nothing specific, and one whose real burden falls on whichever side...
What Is a Bond? A Beginner’s Guide to How Governments and Firms Borrow
What is a bond? A loan split into tradable units with a fixed coupon and maturity date, and a market...
Consumer Sentiment Hit Its Lowest Level Since 1990
In May 2026 the University of Michigan’s index of consumer sentiment fell to 44.8, the lowest reading in the thirty-six...
US Inflation Is the Highest in the Rich World
US inflation is 3.46 percent, the highest of the four big rich economies. Everyone bought oil from the same market,...