Tariff fears trump modest jobs growth

Monetary policy trumps tariffs

The U.S. is the King of Net Worth

Christmas treat: subscribe to Steve Moore's Hotline

Headwinds and tailwinds

Key macro variables look mostly great

Charts that call my attention

Milei and Trump share victories

Abundant reserves enabled a soft landing

Slow M2 means low CPI

The enormous net worth of the US private sector

Federal spending is the problem, not taxes

A close look at Inflation and interest rates

This wasn't a monster employment number

Looking pretty good: M2, GDP and corporate profits

Kamala's tax proposals: frightening!

Excess M2 continues to fade away

Mortgage rate relief is coming

GDP, jobs, money, and inflation overview

How bad is fiscal policy?

The door is wide open to multiple Fed rate cuts

With a little luck we'll survive Biden's departure

Monetary conditions are returning to normal

Tight money hasn't hurt corporate profits

Charts with a message