With the recent round of reciprocal tariffs, the United States is heading toward another supply shock, which will spur the worst kind of inflation. … READ MORE >
supply shock
Chart of the day: U.S. industrial production fell as Ida’s impact lingered
The impact of Hurricane Ida continued to be a drag on industrial production in September, accounting for a significant drop not only in mining but also in manufacturing output. … READ MORE >
Oil prices show unprecedented volatility in 2020, and a path to recovery remains uncertain
The unprecedented imbalance the oil market has experienced for much of 2020 has garnered extraordinary responses from both oil producers and policymakers. Oil and gas companies have been forced to reposition themselves during the downturn in order to prepare for a comeback. … 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 >