Steve Rattner
@steverattner.bsky.social
Former head of Obama Auto Task Force. Wall Street financier. Contributing Writer to NY Times Op-Ed. Morning Joe Economic Analyst. 🌐
Consumer sentiment inched upwards in February.
February 6, 2026 at 3:07 PM
Consumer sentiment inched upwards in February.
The gap between unemployed job seekers and job openings is widening. There are now 1.15 job seekers for every opening.
February 5, 2026 at 3:07 PM
The gap between unemployed job seekers and job openings is widening. There are now 1.15 job seekers for every opening.
Job openings in the US dropped to 6.5M in December, and November's numbers were revised downwards.
February 5, 2026 at 3:04 PM
Job openings in the US dropped to 6.5M in December, and November's numbers were revised downwards.
Trump loves to boast that he’s won trillions of new investments in the US, but if so, it hasn’t shown up in the data yet.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
February 5, 2026 at 3:01 PM
Trump loves to boast that he’s won trillions of new investments in the US, but if so, it hasn’t shown up in the data yet.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Trump loves to fabricate astronomical investment numbers — his latest is $18T. The White House website reports about half that amount, and even that is likely an exaggeration.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
February 5, 2026 at 3:00 PM
Trump loves to fabricate astronomical investment numbers — his latest is $18T. The White House website reports about half that amount, and even that is likely an exaggeration.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Trump’s manufacturing renaissance has yet to materialize. In fact, America lost 68K manufacturing jobs in 2025.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
February 5, 2026 at 3:00 PM
Trump’s manufacturing renaissance has yet to materialize. In fact, America lost 68K manufacturing jobs in 2025.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Trump claims that factories are being constructed across America, but in reality, spending on manufacturing-related construction has declined during his administration.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
February 5, 2026 at 2:59 PM
Trump claims that factories are being constructed across America, but in reality, spending on manufacturing-related construction has declined during his administration.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Before Trump took office, retail prices were trending downwards. His tariffs reversed that pattern.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
February 5, 2026 at 2:59 PM
Before Trump took office, retail prices were trending downwards. His tariffs reversed that pattern.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Trump likes to complain that he inherited the worst inflation in history, but the truth is that he started his term with inflation at a manageable 3%.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
February 5, 2026 at 2:58 PM
Trump likes to complain that he inherited the worst inflation in history, but the truth is that he started his term with inflation at a manageable 3%.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Welfare fraud should always be taken seriously, but the right’s characterization of it as an immigrant problem is completely off-base — US citizens account for 95% of fraud losses.
cc: @cato.org
cc: @cato.org
February 3, 2026 at 7:28 PM
Welfare fraud should always be taken seriously, but the right’s characterization of it as an immigrant problem is completely off-base — US citizens account for 95% of fraud losses.
cc: @cato.org
cc: @cato.org
Instead of chasing quixotic wealth taxes, those who want the rich to pay their fair should focus on this: low capital gains rates under-tax a huge portion of income for the highest-earning Americans.
cc: @taxfoundation.bsky.social
cc: @taxfoundation.bsky.social
February 3, 2026 at 7:11 PM
Instead of chasing quixotic wealth taxes, those who want the rich to pay their fair should focus on this: low capital gains rates under-tax a huge portion of income for the highest-earning Americans.
cc: @taxfoundation.bsky.social
cc: @taxfoundation.bsky.social
I’ll join The Common Good on Wednesday 2/4 to discuss my forecast for the economy in 2026. RSVP for the in-person lunch at the link below.
www.thecommongoodus.org/upcoming-eve...
www.thecommongoodus.org/upcoming-eve...
2026 Economic Forecast — The Common Good
Brace yourself for a powerhouse briefing on the 2026 economic forecast. Steven Rattner , one of the most influential voices on the U.S. economy joins The Common Good for an exclusive briefi...
www.thecommongoodus.org
February 2, 2026 at 8:50 PM
I’ll join The Common Good on Wednesday 2/4 to discuss my forecast for the economy in 2026. RSVP for the in-person lunch at the link below.
www.thecommongoodus.org/upcoming-eve...
www.thecommongoodus.org/upcoming-eve...
My weekly blogs on my @morningjoe-msnow.bsky.social charts are now on substack.
Today, I explained the Fed's decision to pause interest rate cuts.
open.substack.com/pub/stevenra...
Today, I explained the Fed's decision to pause interest rate cuts.
open.substack.com/pub/stevenra...
Rate Cuts On Pause
On MS NOW’s Morning Joe today, Steven Rattner broke down the Fed’s decision to pause interest rate cuts.
open.substack.com
January 29, 2026 at 3:35 PM
My weekly blogs on my @morningjoe-msnow.bsky.social charts are now on substack.
Today, I explained the Fed's decision to pause interest rate cuts.
open.substack.com/pub/stevenra...
Today, I explained the Fed's decision to pause interest rate cuts.
open.substack.com/pub/stevenra...
Interestingly, while economic indicators are relatively stable, consumer confidence has been steadily dropping.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
January 29, 2026 at 2:22 PM
Interestingly, while economic indicators are relatively stable, consumer confidence has been steadily dropping.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Employment growth numbers since liberation day average slightly above zero. When taking into account predicted downward revisions, the data says we’re losing jobs.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
January 29, 2026 at 2:21 PM
Employment growth numbers since liberation day average slightly above zero. When taking into account predicted downward revisions, the data says we’re losing jobs.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
GDP growth can remain strong despite a weak labor market because productivity is high — each existing worker is producing more, but we’re not hiring many new workers.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
January 29, 2026 at 2:21 PM
GDP growth can remain strong despite a weak labor market because productivity is high — each existing worker is producing more, but we’re not hiring many new workers.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
GDP growth remained relatively strong in 2025. That’s due in part to a ton of AI-related investment. (In Q2, it accounted for nearly a third of growth.)
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
January 29, 2026 at 2:20 PM
GDP growth remained relatively strong in 2025. That’s due in part to a ton of AI-related investment. (In Q2, it accounted for nearly a third of growth.)
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Inflation is projected to slowly, steadily decline in 2026. New Fed rate cuts are conditional on that happening.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
January 29, 2026 at 2:19 PM
Inflation is projected to slowly, steadily decline in 2026. New Fed rate cuts are conditional on that happening.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
The Fed forecasts only 2 cuts over the next 3 years, so rates won’t drop close to pre-covid levels any time in the foreseeable future.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
January 29, 2026 at 2:17 PM
The Fed forecasts only 2 cuts over the next 3 years, so rates won’t drop close to pre-covid levels any time in the foreseeable future.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
The Fed left rates unchanged, at 3.75%.
January 28, 2026 at 7:04 PM
The Fed left rates unchanged, at 3.75%.
The Conference Board's labor differential steeply dropped this month, as fewer and fewer Americans think that jobs are plentiful.
January 27, 2026 at 4:34 PM
The Conference Board's labor differential steeply dropped this month, as fewer and fewer Americans think that jobs are plentiful.
Consumer confidence plunged this month, hitting a 12-year low.
January 27, 2026 at 4:30 PM
Consumer confidence plunged this month, hitting a 12-year low.
It is true that more and more American homes sales are going to investors. But they’re not the institutional investors that Trump wants to target. They’re actually medium and small investors.
cc: @voxdotcom.bsky.social
cc: @voxdotcom.bsky.social
January 23, 2026 at 6:31 PM
It is true that more and more American homes sales are going to investors. But they’re not the institutional investors that Trump wants to target. They’re actually medium and small investors.
cc: @voxdotcom.bsky.social
cc: @voxdotcom.bsky.social
This chart explains how the economy can continue to grow, even as many Americans struggle to make ends meet: the richest fifth of Americans account for more than half of spending.
cc: @axios.com
cc: @axios.com
January 23, 2026 at 5:42 PM
This chart explains how the economy can continue to grow, even as many Americans struggle to make ends meet: the richest fifth of Americans account for more than half of spending.
cc: @axios.com
cc: @axios.com
This tax season, Americans are going to see a boost in their tax returns due to OBBBA’s tax cuts. That might lift public sentiment on affordability a bit.
cc: @taxfoundation.bsky.social
cc: @taxfoundation.bsky.social
January 23, 2026 at 5:41 PM
This tax season, Americans are going to see a boost in their tax returns due to OBBBA’s tax cuts. That might lift public sentiment on affordability a bit.
cc: @taxfoundation.bsky.social
cc: @taxfoundation.bsky.social