Month: May 2024

President Biden’s student debt cancellation plans will cost between $870 billion and $1.4 trillion. $620 billion has already been spent, and the latest plan will cost between $250-$750 billion more. That’s more than will be spent on universal pre-K and…

While the Y-o-Y change in the 24Q1 Employment Cost Index (measuring wages, salaries, and quickly-rising benefits), came in at 4.2%, and the Q-o-Q reading was an uncomfortably hot 1.2%, this does not necessarily portend high inflation. The 24Q1 productivity reading…