The Economics of Data Privacy
From compliance costs to consumer trust, the economics of data privacy unveil an intricate interplay between safeguarding sensitive data and sustaining a thriving digital economy. As Europe enters its fifth year with a data privacy law, policymakers should note the negative economic impacts the law has had. The European Union’s General Data Protection Regulation (GDPR) […]
Wholesale prices rose 0.3% in July, higher than expected
A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing. The producer price index, which gauges the costs that goods and services producers receive for their products as opposed to those that consumers pay, rose 0.3% for the month, the Bureau of Labor Statistics reported […]
Veteran economist Jim O’Neill says interest rates should stay around 5% for longer
Jim O’Neill, former chief economist Goldman Sachs Group, in Italy in 2019. Alessia Pierdomenico | Bloomberg via Getty Images Veteran economist Jim O’Neill says central banks will need to keep interest rates up around 5% across major economies for longer than the market expects, even as inflation subsides. The U.S. Federal Reserve is broadly expected […]
Gender Pay Gap at the White House
And, challenges remain in ensuring equal pay for equal work. In 2022, among all salary workers in the White House, a woman made just 80 cents every dollar paid to a man. This is from a blog post written by an economist with President Biden’s Council of Economic Advisers. It takes some courage to […]
Core or 16% Trimmed-Mean CPI?
A quick note on today’s BLS report on the Consumer Price Index (CPI), which rose 0.2% in July on a seasonally adjusted basis, Over the last 12 months, the CPI has increased 3.2%. Once again, the biggest part of the gains was for shelter. As I have noted before, the entity primarily responsible for rising […]
