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Fed holds interest rates steady but shouldn’t have: CEI analysis
The Federal Reserve decided to leave the federal funds rate unchanged at today’s Federal Open Market Committee meeting. CEI senior economist Ryan Young argues…
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Inflation Slows, Fed Actions Pay Off: CE Analysis
Consumer prices rose 0.1 percent in May (up 4 percent this past year), according new inflation data released today by the Labor Department. Inflation…
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Labor Market Remains Strong Despite Participation Rate Below Pre-Pandemic Levels
The Bureau of Labor Statistics (BLS) at the Department of Labor found employers added 339,000 new jobs in May, according to a new report.
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Inflation worse than headline number suggests
The annual inflation rate in April was the lowest it’s been in two years, according to Labor Department data released today – 4.9 percent. That…
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253,000 Jobs Added in April 2023, but Labor Force Participation Lags
The U.S. economy added 253,000 jobs in April, according to the U.S. Bureau of Labor Statistics, but the labor force participation rate remains troubling,…
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Fed Rate Increase the Right Move for Economy, Credibility
As expected, the Federal Reserve raised the federal funds rate by a quarter percentage point. CEI senior economist Ryan Young supports the move:…
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US Economy Grew 1.1 Percent First Quarter 2023 – Could Be Worse: CEI Analysis
The U.S. economy grew 1.1 percent in the first quarter of 2023, according to the Bureau of Economic Statistics. It may seem underwhelming, but…
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UK Competition and Markets Authority Anti-Merger Ruling Undermines Consumer Interests
The UK’s Competition and Markets Authority (CMA) is blocking Microsoft’s $69 billion acquisition of video game developer Activision Blizzard out of fear the deal…
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House Republicans Helpfully Tie Government Reforms to Debit Limit Deal
House Republican leadership yesterday released the text of their debt limit deal which trades a suspension or increase in the debt limit for a number…
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CPI Slowed in March, More Tightening Necessary to Get Inflation Under Control
The U.S. Bureau of Labor Statistics released its Consumer Price Index Summary today, showing CPI increased by 0.1 percent in March 2023. CEI Senior Economist…
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236,000 Jobs Added in March 2023
The U.S. economy added 236,000 jobs in March, according to the U.S. Bureau of Labor Statistics, suggesting good and bad future trends, say CEI…
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FTC Antitrust Overreach Threatens Health of Americans at Risk of Cancer Diagnosis
The Federal Trade Commission (FTC) today ordered Illumina to unwind its acquisition of Grail, a $7 billion deal that would add an early cancer…
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CEI Economist: Inflation Remains High, Fed should Keep Raising Rates
The Consumer Price Index rose 0.4 percent in February, according to the U.S. Bureau of Labor Statistics. Amounting to an annual inflation rate of…
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Economy Adds 311,000 Jobs in February 2023 – Good News
The U.S. economy added 311,000 jobs in February, according to the U.S. Bureau of Labor Statistics, more than expected by experts. Competitive Enterprise Institute…
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Biden Budget Amounts to Top-Down Central Planning, Lacks Needed Reforms
President Biden today unveiled his latest budget submitted to Congress. CEI experts take a dim view of the agenda of excess spending and regulation…
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Economy Adds 517,000 Jobs in January: CEI Analysis
The U.S. economy added 517,000 jobs in January 2023, according to newly released government numbers. That’s higher than expected. CEI experts explain what it…
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Latest Fed Interest Rate Increase Brings Us Closer to a Soft Landing: CEI Analysis
The Federal Reserve today announced an interest rate increase of a quarter percentage point, as expected. CEI Senior Economist Ryan Young says the series of…
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Good News on Economic Growth: CEI Analysis
The U.S. Commerce Department’s Bureau of Economic Analysis released data today showing the economy grew 2.1 percent in 2022. CEI Senior Economist Ryan Young…
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Why DOJ’s Antitrust Suit Against Google’s Digital Ad Business Misses the Mark
The Department of Justice (DOJ) filed a lawsuit against Google today, a division of parent company Alphabet, alleging the company has a monopoly over digital…
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Inflation Ticks Down in December – Fed Should Stay on Course, CEI Economist Urges
Good news – the annual inflation rate fell from 7.1 percent in November to 6.5 percent in December, according to the latest consumer price…
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Economy Added 223,000 Jobs in December – Some Good News and Bad
The U.S. economy added 223,000 jobs in December, according to government data, and the unemployment rate dipped down to 3.5 percent, where it was…
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Senate Passes $1.7 Trillion Spending Bill, No Help to Inflation Reduction
The Senate today voted to pass a $1.7 trillion omnibus package to fund the federal government through September next year. CEI Senior Economist Ryan…
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Fed Raises Rates Again to Slow Inflation
The Federal Reserve has been trying to slow inflation by raising interest rates, today issuing its smallest rate increase since June – raising the federal…
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November Inflation Less Bad Than Before, but the Fed Should Stay Focused on It
The latest consumer price index (CPI) released today by the Labor Department revealed that inflation, while still high, has been slowing as of November. That…
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Job Gains in November 2022 Amid Inflation, Economic Problems: CEI Analysis
The U.S. economy added 263,000 jobs in November while the unemployment rate held steady at 3.7 percent, according to the Labor Department. CEI experts break…
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Fed Should Do More to Fight Inflation with Interest Rate Increases
The Federal Reserve Chairman today confirmed that further interest rate increases are likely, maybe as soon as December. CEI economy expert Ryan Young says…
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US Economy Added Jobs in October, but Unemployment Remains High – Signs of Cooling
The U.S. added 261,000 jobs in October, while unemployment ticked up to 3.7 percent, according to data released today by the Labor Department. That’s more…
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Biden Wrong About “Junk Fees” in Sweeping Government Mandate
Today the Biden administration announced a new whole-of-government initiative against “junk fees” from airlines, banking, and other industries. But what he is calling junk fees aren’t…
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Union Risks Job Loss in Bid to Stop Kroger/Albertsons Merger, Warn CEI Antitrust Experts
Four local chapters of the United Food and Commercial Workers International representing some 100,000 workers are reportedly lobbying regulators and lawmakers to oppose the $25…
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September Jobs Report Shows Signs of Business Recovery but Inflation Remains a Problem: CEI Analysis
The federal government today released its data on how many jobs the U.S. economy added during the month of September: 263,000. CEI experts offer analysis…
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Amid Hurricane Power Outages, Biden Administration Waives Senseless Jones Act Shipping Restrictions: CEI Statement
Competitive Enterprise Institute Senior Fellow Ryan Young praised the Biden administration for temporarily waiving shipping restrictions imposed by the 1920s era Jones Act. “The…
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CEI Experts React to August Jobs Numbers
The Labor Department’s Bureau of Labor Statistics reported 315,000 new jobs in the month of August, slightly below market expectations. The unemployment rate rose to…
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Judge Rules Illumina-Grail Merger is Legal Despite FTC Antitrust Accusations
In a decision reached today, an administrative judge ruled that a proposed merger between Illumnia and Grail can proceed after ruling against a move…
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U.S. Economy Adds 528k Jobs In July Amid Inflation and Shrinking GDP, but Congress isn’t Helping: CEI Analysis
The U.S. economy added 528,000 in July, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today.
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GDP Woes Worsened by Lawmakers’ ‘Ready, Fire!, Aim” Spending Spree
Gross domestic product fell by 0.2 percent in the second quarter, according to the U.S. Commerce Department. Already there was a 0.4 percent decline in…
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Manchin/Schumer Deal on Health Care, Energy Spending is Bad News for Inflation, Taxpayers
Senate Majority Leader Chuck Schumer and Senator Joe Manchin reportedly announced a surprise deal on July 27 that resuscitates Democrats’ big government spending ambitions on…
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Statement by CEI Senior Fellow Ryan Young on the Fed’s Interest Rate Hike
The Federal Reserve today announced a 0.75 percentage point increase in the federal funds rate. It is the fourth such increase this year, and part…
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Senate-Passed Corporate Welfare “CHIPS” Bill Won’t Help U.S. Companies Out-Compete China
The Senate today passed the CHIPS+ Act, a bill that would hand over tens of billions of tax dollars to domestic production of semiconductors. CEI…
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U.S. Economy Adds 372,000 Jobs in June – Good News for Recession Worries
The U.S. economy added 372,000 jobs in June 2022, according to a new tally released today by the government. Meanwhile, the unemployment rate held steady…
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Latest Employment Report Shows COVID Effects Lingering, Inflation Taking Toll
WASHINGTON—The Department of Labor reported today a gain of 390,000 jobs last month and that the unemployment rate remained at 3.6 percent, as did…
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Inflation Still 4x Higher than Target Rate, New Government Numbers Show
The inflation rate isn’t much changed from last month’s high figure, 8.3 percent compared to 8.5 percent, new government data shows. CEI Senior Fellow Ryan…
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April 2022 Job Gains Demonstrate Government Intervention Not Necessary
Today the federal government reported that the U.S. economy gained 428,000 jobs last month (similar to the number added in March). Those gains demonstrate that…
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New Job Gains for March 2022 Shows Businesses Open with Jobs to Offer: CEI Analysis
The federal Bureau of Labor Statistics announced today that the U.S. economy added over 400,000 jobs in the month of March – good news…
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In Order to Counter Inflation, Federal Reserve Should End Bond Buying Spree
The Federal Reserve announced today it would raise benchmark interest rates by a quarter percentage point with the aim of counteracting the effects of…
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U.S. Economy Adds 678,000 Jobs in February, but Inflation, Russia, Government Mandates Remain a Problem
The U.S. economy added 678,000 jobs in February, according to newly released government figures. CEI economic and labor policy experts praised the good news…
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Inflation Rise Should Trigger Response by Fed, Congress, President
Inflation is on the rise again, hitting the highest mark in 40 years, according to government figures. CEI Senior Fellow Ryan Young says the Fed,…
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U.S. Economy Added 467,000 Jobs in January 2022, Signaling No Need for Govt Meddling
The good news jobs gain in January gives President Biden and Congress ample reason to step back and let businesses and workers chart a…
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House Democrats’ China Bill Would Make the U.S Less Competitive and Harm Consumers
The House of Representatives is considering the America COMPETES Act this week, a bill described by sponsors as a “China competition bill.” The wide-ranging legislation…
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Federal Reserve Signals Interest Rate Hike to Fight Inflation: CEI Statement
The Federal Reserve today signaled an interest rate hike is coming in March to combat inflation. CEI Senior Fellow Ryan Young believes the Fed…
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Senate Antitrust Bill Would Deny Consumers Popular Services from Large Tech Platforms
WASHINGTON – The Senate Judiciary Committee is scheduled to mark up The American Innovation and Choice Online Act (S. 2992) today, a bill…