Steve Rattner

America’s world-class universities are one of our best exports – it’s a shame Trump is diminishing that advantage.

Opinion | These 6 Charts Explain Why the Government Shut Down

Obamacare slashed the ranks of uninsured in America. But within the next 10 years, 70% of that progress will be undone. I explain why in my latest for @nytopinion.nytimes.com
www.nytimes.com/2025/09/30/o...

Nearly 14 million Americans are set to lose their health insurance over the next decade. In government shutdown negotiations, Democrats are fighting to decrease the number.

More in my latest for @nytopinion.nytimes.com
www.nytimes.com/2025/09/30/o...

Opinion | These 6 Charts Explain Why the Government Shut Down

Republicans have been quietly dismantling Obamacare. That’s what’s at stake in this government shutdown. More in my latest for @nytopinion.nytimes.com
www.nytimes.com/2025/09/30/o...

Opinion | These 6 Charts Explain Why the Government Shut Down

In my latest for @nytopinion.nytimes.com, I break down the health care provisions Democrats are fighting for in this government shutdown. www.nytimes.com/2025/09/30/o...

Democrats are fighting to preserve an Obamacare tax credit. Without it, a 55-year-old couple making $85K would see their premiums more than triple to $24,535.

Despite Trump’s assertions, he hasn’t made the world safer since taking office. Unfortunately, 2025 is on track to exceed last year’s number of deaths in armed conflict.

The Fed’s outlook for GDP growth isn’t very optimistic — below 2% for the next 3 years.

My @morningjoe-msnbc.bsky.social Chart

Yesterday’s rate cut doesn’t mean inflation is coming down ¬— the Fed kept its 2025 PCE forecast the same and raised its 2026 forecast.

My @morningjoe-msnbc.bsky.social Chart

Jobs are getting harder to find, and more and more Americans are remaining unemployed for long periods of time.

My @morningjoe-msnbc.bsky.social Chart

One marker of a weakening labor market: there are now more job seekers than job openings in the US.

My @morningjoe-msnbc.bsky.social Chart

Powell called yesterday’s reduction a “risk-management” cut, signaling that the Fed’s now more worried about the labor market than inflation. (Despite rising inflation in recent months.)

My @morningjoe-msnbc.bsky.social Chart

The Fed cut rates by 25bps yesterday, as expected. It also increased its expectations for future cuts.

My @morningjoe-msnbc.bsky.social Chart

The Fed maintained its projection of 4.5% unemployment for 2025, but lowered its projections for the next two years.

The Fed held its inflation projection for 2025 steady at 3%, but increased expectations for 2026 to 2.6%.

The Fed is now projecting an additional rate cut by the end of the year, lowering its projection by .3%.

The Fed raised their GDP projections, but the forecast for 2025 is still well-below December 2024 levels.

The Fed cut interests rates by 0.25%, as expected.

ChatGPT usage has skyrocketed over the last year, especially for non-work purposes, which now accounts for 73% of messages.

This is a terrible idea. The more information that investors receive, the more transparent and efficient markets become, lowering the cost of capital for good performers.

Consumer sentiment dropped for the second month in a row in September, driven by Republican consumers.

CPI inflation increased for the fourth month in a row in August, reaching 2.9%.

Since covid, America’s historical agricultural trade surplus has turned into a deficit, with imports surging and exports stalling. (And Trump’s tariffs haven’t helped the situation.)

It’s important to start thinking about what AI will do to inequality — upper middle-class workers are the most exposed to AI automation, while the richest and poorest Americans will be less-affected.

The next decade is a pivotal time for the impact of AI on the economy. Economists at Wharton predict that AI’s boost to productivity growth will peak over the next 10-15 years.

The New York Fed's measure of job-finding expectations is at a record low.

Job growth in 2025 so far has been dominated by the education & health sectors.

The unemployment rate rose to 4.3%, it's highest level since 2021.

Jobs growth remained extraordinarily low in August, at 22K payroll additions.

Inequality is going in the wrong direction: while the richest millennials are wealthier than the richest boomers were at their age, the average millennial is worse off.

My @morningjoe-msnbc.bsky.social Chart