The Effects of Tariffs on the Components of Inflation
The United States announced a wide range of import tariffs on its trading partners in early 2025. Since…
What Can History Tell Us About Tariff Shocks?
The 15% increase in the average U.S. tariff rate in 2025 was the largest in the modern era.…
Signs of Cyclical Weakness in Part-Time Employment?
Economists often look beyond headline unemployment to measure the health of the U.S. labor market. One such measure…