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It’s Fed Day tomorrow... How is the rate-setting committee thinking about rising oil prices and tariffs? 🎥 Tune in as Jonathan Levin joins Claudia Sahm and Conor Sen LIVE to discuss: Wednesday, 1:55pm ET x.com/i/broadcasts/1…

The Fed board announces an open meeting to discuss proposed revisions to the supplementary leverage ratio standards at 2 p.m. next Wednesday, June 25. federalreserve.gov/aboutthefed/bo…

A more effective way to lower borrowing costs is to back policies that put us on a sustainable debt trajectory.

CBO just released a dynamic estimate and the cost of OBBBA goes from $2.4 trillion to $2.8 trillion. But by convention they don’t include the costs of interest on new debt. If they do that - cost goes to $3.4 trillion. The Budget Lab's comparable estimate was $3.5 trillion. 1/

Real wage growth is decent for production & nonsupervisory employees, but this is taking cherry picking to an extreme. The 3-month SAAR is around 1.8%, the most since September.

Mark Zuckerberg just dropped $14.3 billion to hire the 28-year-old creator of Scale AI for Meta’s artificial intelligence crack team. Dave Lee explains why Big Tech is betting big bucks on AI talent 🎥

Initial claims 245k (survey also 245k), falling from revised 250k.

Claims: 1/ Continuing claims less bad this week, but still not good - at 1.945M, above the benchmark by about 33K. I think we're probably going very near and probably above 2M this year, if not in the next month or two.

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Florida insurance company Slide prices at top of range, raises $408m in upsized IPO. I guess the market is willing (more than willing?) to take Florida risk again.

Is there that much daylight between Waller and Powell? -Waller: Prepare to maybe move in July -Powell: Let's see what happens "over the summer" (I interpret this as setting the table for September) Both are defensible positions, and the data will guide b/w now and July 30

South Florida is the sixth borough. If NYC stumbles, Florida will too.

Mamdani’s shock win has raised a lot of questions in NYC. But Jonathan Levin is tackling one from Miami: Would Mamdani’s mayorship actually spark an exodus from New York to Florida? Wall Street and prominent Republicans think so. Here’s why their logic is twisted 🎥

What has six months of chaos actually done to markets? 📊 🎙️ Join columnists Jonathan Levin, Marcus Ashworth and Robert Burgess for a Live Q&A: Tuesday, 11am EDT bit.ly/44pH3wN

It’s Jobs Day tomorrow! Will sluggish hiring translate into a higher unemployment rate? 🎥 Tune in as Jonathan Levin joins Kathryn Rooney Vera and Justin Fox for LIVE analysis of the data: Thursday, 8:25am ET x.com/i/broadcasts/1…

Honored to be on this excellent episode of Trumponomics with Stephanie Flanders . It’s one of my absolute favorite podcasts, and the theme of the week is a big one: immigration.

Join us!