Economic Reality Check: What Do Falling Mortgage Rates & Jobs+Inflation Signal for the 2024 Economy?

​Thank you for tuning into the 39th episode of “This Week’s Economy.”

Much information is packed into today’s newsletter, including my new podcast episode revealing the economic news you need to know in less than 14 minutes!

Today, I cover:

1) National:
-Why the new U.S. jobs report (my latest commentary) is not as strong as some say
-Inflation rates have moderated but still remain well above the Fed’s 2% rate target
-Federal Reserve paused again with its federal funds rate target in the range of 5.25-5.5%, supporting a boost in the stock market and likely lower mortgage rates

2) States:
-Sustainable Colorado Budget was released that I authored with Ben Murrey at Independence Institute, which provides a path forward for the Centennial state to return to its TABOR roots and buy down the income tax
-School choice challenges face Texas as many state leaders are against it, and they keep spending too much
-California’s deficit reaches crazy highs, proving why spending is the ultimate government burden

​3) Other:
-Don't miss my latest LPP episode with Jennifer Huddleston discussing problems with regulating technology, including AI
-One of my latest op-eds argues why China is not our biggest threat…what is?
-Argentina's new president makes significant strides that could set an example for the U.S.