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Join the Longest-Running US Economic Discussion
13 Years Running:
America’s Economic Discussion running
Tuesday, May 19th @7pm Central / 8 pm Eastern
_Tuesday, May 19th@7 CDT – Zoom: Fiscal & Economic April Rev’w- 13 Yrs running – Longest US Economic Discussion running..
Chaos Continues: Jobs, IRAN War,Tariff Wars, ICE, HeathCare Crisis, Affordability / Inflation,
Biggest news is the war in Iran and its effect on prices/inflation, especially gas prices. National average of $4.54 as of May 15th.
Continued slow job growth since April 2025. The combination of Trump’s tariffs and the „deportations contributed to the low job growth.
The employment numbers are flirting with a recession:
– Payroll job growth under Trump: 1st term -2,765,000; 2nd term to date +369,000; Combined -2,396,000
– Employment growth: 1st term -2,331,000; 2nd term to date -983,000; Combined -3,314,000
– Fed continues to be concerned about both the low job growth and inflation.
– The combination of the low job growth and the higher inflation creates a quandary for the Fed. Third rate cut in December, rates unchanged in January
– Earlier jobs data from April 2024 -April 2025 appears to be overstated by 911,000
– Core 12 month CPI inflation in March was 2.6%. Core 12 month PCE inflation in March was 3.2%
_We will be discussing the current polices that are driving the current economic chaos.._[
The NWSOFA Fiscal and Economic Issues group will meet on Zoom, Tuesday, May 19th[ @7 pm CT..The Zoom room will open by 6:55 pm.
_Come join us, catch up on this year’s US & IL economic news and share your thoughts_
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