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Showing posts from June, 2024

Does Asymmetric Monetary Policy Exacerbate Asymmetric Outcomes? Eric J. Gordon, Creative Investment Research,

Eric Gordon, left and Luke Newton, Right, at t he Hutchins Center on Fiscal & Monetary Policy at Brookings, June 14, 2024.  As the Federal Reserve prepares for its five-year public review of the monetary policy framework, ongoing debates persist among experts regarding the most effective strategies to achieve economic stability and growth without exacerbating inequality. The Hutchins Center on Fiscal & Monetary Policy at Brookings recently convened a conference enabling economists to articulate and discuss their recommendations for the Fed's review, including a dialogue on the merits of adopting a symmetric, balanced approach versus an asymmetric, shortfalls-focused one amid rapidly evolving economic conditions. Each strategy carries different implications across the country's financial landscape, yet their impact on minority communities is particularly crucial, serving as a barometer of broader economic health and welfare. This post aims to analyze the competing approa

Inflation Falls from 3.4% to 3.3%

  The Consumer Price Index for All Urban Consumers (CPI-U) was basically unchanged in May, 2024 on a seasonally adjusted basis, after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported . Over the last 12 months, the all items index increased 3.3 percent before seasonal adjustment. hashtag # inflation hashtag # cpi hashtag # prices

World Ocean Day, 2024

  Today, we celebrate the beauty and importance of our oceans. From vibrant coral reefs to majestic sea turtles, our oceans are home to an incredible diversity of life. 🌿🐠🐢 We are focused on protecting and preserving these vital ecosystems. See: and   Let's come together to make a positive impact. Every action counts towards a healthier ocean. 

Unemployment by Race, Ethnicity for May, 2024

  The graphic above shows unemployment rates across different racial and ethnic groups from April 2023 to May 2024. The picture reviews unemployment rates for White, Black, Asian, and Hispanic or Latino populations. The data indicates fluctuations in unemployment rates between and among these groups, with disparities that warrant further examination. Trends and Observations 1. White Population:    - The unemployment rate for Whites has shown minor fluctuations, generally staying between 3.10% and 3.50%.    - The lowest recorded rate was in April 2023 (3.10%), and the highest was observed in October and December 2023, and May 2024 (3.50%). 2. Black Population:    -  Blacks experienced the highest volatility in unemployment rates.    - The rate increased from 4.80% in April 2023 to a peak of 6.40% in March 2024, before slightly decreasing to 6.09% in May 2024.    - This group consistently shows higher unemployment rates compared to the other racial and ethnic groups throughout the period

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