Who is right about inflation?
The US Fed and consumers have very different expectations about the future.
To gauge inflation, Americans watch longer-term trends
Americans change their price forecasts little based on current-year figures, but brace for higher inflation when they sense a long-term trend toward ballooning government debt.
COVID-19 stimulus checks spurred saving and debt payment more than spending
Policy makers may be disappointed with the stimulative effects of the CARES Act’s direct relief.
The downfall (and possible salvation) of expertise
Can experts win back the public’s trust?
Why the US economy could take a hit after the election, regardless of who wins
Voters on both sides are convinced their candidate will win—and that the economy will suffer if he doesn’t.