This Week in ESG and Impact Investing

The U.S. economy expanded at an annualized rate of 1.5% during the second quarter of 2026 , according to the Bureau of Economic Analysis (BEA), a slowdown from the 2.1% pace recorded in the first quarter. The data suggests an economy that is still fundamentally resilient. Consumer spending accelerated, business investment —particularly in artificial intelligence infrastructure—grew. Exports increased, offset in part by lower government spending and the continuing drag from trade dynamics. For minority business advocates, however, the GDP report raises a more important question: Where are Minority Business Enterprises (MBEs) in America's growth strategy? Looking Beyond the Headline The true driver of economic activity consumer spending (accounting for 70% of GDP) increased significantly during the quarter, and private investment continued to support expansion. Real final sales to private domestic purchasers remained considerably stronger than the overall GDP figure. Sustained econom...

“We are called to be faithful, not successful.” Fr. Gregory Boyle, SJ borrowed these words from Mother Teresa while describing the mission of Homeboy Industries . For the unfamiliar, Homeboy Industries is the largest gang rehabilitation and re-entry program in the world. Initially, this quote appears to reject the pursuit of success altogether. But after attending the Global Homeboy Network DC Summit hosted by Georgetown University’s McCourt School of Public Policy , I came away with a different interpretation. Rather than dismissing success, Fr. Boyle challenged attendees to embrace a more holistic definition.  In today’s world, success is increasingly being determined only by what can be counted. Organizations are expected to demonstrate impact through metrics, dashboards, and measurable outcomes. Then in turn, investors often rely on these metrics to determine whether an initiative is a worthwhile investment. While these tools are undoubtedly useful, the summit served a...

 Federal Reserve Chairman Kevin Warsh has launched one of the most ambitious internal reviews of the central bank in decades. Five new advisory task forces will examine the Federal Reserve's approach to communications, balance sheet policy, economic data, productivity and jobs, and inflation frameworks—the analytical foundations that shape U.S. monetary policy. The effort is significant. Chairman Warsh has made clear that he intends to reconsider many of the assumptions that have guided the Federal Reserve since the Global Financial Crisis, arguing that the economy has changed dramatically and that the central bank must modernize its analytical tools. The task forces are expected to make recommendations to the Federal Open Market Committee later this year. Yet one aspect of the announcement deserves far more attention than it has received. Among the fifteen external leaders selected to guide these task forces, there are no Black economists, business leaders, financial market expert...

The June 2026 Producer Price Index (PPI) offers the first meaningful sign in several months that inflationary pressures within the nation's supply chains may be easing. Producer prices for final demand fell 0.3 percent in June , reversing increases of 0.6 percent in May and 1.1 percent in April . Nevertheless, producer prices remain 5.5 percent higher than a year ago , underscoring that the cost environment facing American businesses—and especially Black- and minority-owned firms—remains challenging. When viewed alongside yesterday's Consumer Price Index (CPI) report, the June PPI suggests that inflation moderated, but the improvement is uneven. The CPI showed consumer prices falling 0.4 percent during June, driven primarily by lower energy prices. The PPI confirms that the same decline in energy prices is now working its way through the production pipeline. That is encouraging news, particularly for industries where minority-owned firms are heavily represented. Falling Energy...

After three months of accelerating inflation, the June 2026 Consumer Price Index (CPI) finally delivered encouraging news. Consumer prices fell 0.4 percent during the month—the largest monthly decline since April 2020—reducing the annual inflation rate from 4.2 percent in May to 3.5 percent in June . For Black and minority-owned businesses, however, the June report should not be interpreted as an all-clear signal. The decline in headline inflation was driven almost entirely by falling energy prices rather than a broad-based easing of price pressures. While lower gasoline prices provide immediate relief for transportation-dependent businesses, many of the structural costs confronting minority-owned firms—including food, housing, labor, and services—remain elevated. Energy Prices Reverse Course The most significant development in June was the sharp decline in energy prices. The energy index fell 5.7 percent during the month, its largest one-month decline since April 2020. Gasoline pric...

  When health care enters the political conversation, the debate often extends beyond the scope of hospitals, insurance plans, and public health. It becomes a conversation about the economy, public trust in systems, and the decisions voters make at the ballot box. That intersection of health care, economics, and policy was the focus of Axios Live: Health Care’s Emerging Battlefield event on June 24, where researchers, policymakers, and advocates joined in discussion about the future of health care access and affordability, and how the public views these issues. Continuing my focus on public health policy this summer, I attended the event hosted by Axios and sponsored by the Planned Parenthood Action Fund . The event featured KFF’s Ashley Kirzinger , Sen. Ron Wyden (D-Ore.), Rep. Sydney Kamlager-Dove (D-Calif.), and Planned Parenthood Action Fund President and CEO Alexis McGill Johnson.  I experienced the greatest insight from Axios’ first guest, KFF’s Director of Survey Meth...