Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 27, 2022

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Tue Jul 26 12:54:35 +0000 2022

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Paul Krugman @paulkrugman

More about this in today's newsletter; but even aside from the 2-quarter rule being really bad, the main determinant of the economy's path forward will be how the Fed judges the inflation threat 2/ — PolitiTweet.org

Posted July 26, 2022

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Paul Krugman @paulkrugman

It's a big data week, for those who care about these things. (The rest of you should ignore this thread.) GDP on Thursday, which may show a second quarter of negative growth. But I don't care much about this, bc 2q of negative growth does NOT mean a recession 1/ — PolitiTweet.org

Posted July 26, 2022

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Paul Krugman @paulkrugman

So Friday will be a bigger day with releases of the PCE deflator and employment cost index, especially the latter. Will it confirm average wage data suggesting a cooling labor market? 3/ — PolitiTweet.org

Posted July 26, 2022