The Conference Board’s Consumer Confidence Index fell 6.7 points to 81.9 in September, well below expectations and the lowest reading since April 2014. … READ MORE >
demand destruction
American demand destruction: Seven channels that compound to threaten U.S. growth
Demand destruction—the process by which high prices force consumers and businesses to cut spending—unfolds through seven distinct channels on different timescales. … READ MORE >
Dealing with disruptions: Policy options for addressing exogenous shocks
The outbreak of the coronavirus and other economic threats add up to a series of supply, demand and financial shocks that now threaten normal life and commercial activity throughout the global community. … READ MORE >