Chris Rugaber
@chrisrugaber.bsky.social
Federal Reserve, economy reporter. I root for the economy to do well. Tell me your stories: contact me on Signal at ChrisRugaber.01 and at crugaber@ap.org.
Reposted by Chris Rugaber
Trump trade war costs US Italian pasta: “Exporters say import and antidumping duties totaling 107% on their pasta brands will make doing business in America too costly and are preparing to pull out of U.S. stores as soon as January.” Via WSJ
Italian Pasta Is Poised to Disappear From American Grocery Shelves — The Wall Street Journal
Trump administration is set to impose duties of 107% on Italian pasta imports, among most punitive of tariffs it has levied
apple.news
November 10, 2025 at 12:12 PM
Trump trade war costs US Italian pasta: “Exporters say import and antidumping duties totaling 107% on their pasta brands will make doing business in America too costly and are preparing to pull out of U.S. stores as soon as January.” Via WSJ
Always nice to see the @apnews.com ahead …
November 10, 2025 at 3:00 PM
Always nice to see the @apnews.com ahead …
No jobs report today because of the government shutdown, but other reports suggest hiring remained weak last month.
The 'low hire' job market makes life difficult for the unemployed and is leading to longer spells of unemployment, which is unusual outside a recession:
apnews.com/article/jobs...
The 'low hire' job market makes life difficult for the unemployed and is leading to longer spells of unemployment, which is unusual outside a recession:
apnews.com/article/jobs...
'No hire' job market leaves unemployed in limbo as threats to economy multiply
The unemployment rate is low and the economy is still growing, but those out of work face the slowest pace of hiring in more than a decade.
apnews.com
November 7, 2025 at 1:49 PM
No jobs report today because of the government shutdown, but other reports suggest hiring remained weak last month.
The 'low hire' job market makes life difficult for the unemployed and is leading to longer spells of unemployment, which is unusual outside a recession:
apnews.com/article/jobs...
The 'low hire' job market makes life difficult for the unemployed and is leading to longer spells of unemployment, which is unusual outside a recession:
apnews.com/article/jobs...
Reposted by Chris Rugaber
The Trump administration alleges the boats targeted by recent U.S. strikes were being operated by narco-terrorists and cartel members. The AP identified four of the men who were on the boats—and found the truth is far more nuanced.
Trump has accused boat crews of being narco-terrorists. The truth, AP found, is more nuanced
One was a fisherman struggling to eke out a living on $100 a month. Another was a career criminal. A third was a former military cadet.
bit.ly
November 7, 2025 at 12:00 PM
The Trump administration alleges the boats targeted by recent U.S. strikes were being operated by narco-terrorists and cartel members. The AP identified four of the men who were on the boats—and found the truth is far more nuanced.
Reposted by Chris Rugaber
“This case, ladies and gentleman of the jury, is about a sandwich.”
Closing arguments from the defense in the DC sandwich guy case are now underway.
Closing arguments from the defense in the DC sandwich guy case are now underway.
November 5, 2025 at 6:57 PM
“This case, ladies and gentleman of the jury, is about a sandwich.”
Closing arguments from the defense in the DC sandwich guy case are now underway.
Closing arguments from the defense in the DC sandwich guy case are now underway.
ADP's jobs tally shows a rebound last month with 42,000 net jobs gained, after 2 months of losses.
Yet high-paying sectors like professional & business services (accounting, etc.) and information (IT) lost jobs; so did restaurants & hotels, a worrying sign of a weak consumer:
Yet high-paying sectors like professional & business services (accounting, etc.) and information (IT) lost jobs; so did restaurants & hotels, a worrying sign of a weak consumer:
November 5, 2025 at 2:30 PM
ADP's jobs tally shows a rebound last month with 42,000 net jobs gained, after 2 months of losses.
Yet high-paying sectors like professional & business services (accounting, etc.) and information (IT) lost jobs; so did restaurants & hotels, a worrying sign of a weak consumer:
Yet high-paying sectors like professional & business services (accounting, etc.) and information (IT) lost jobs; so did restaurants & hotels, a worrying sign of a weak consumer:
Reposted by Chris Rugaber
BREAKING: Democrat Aftab Pureval wins Cincinnati mayoral election over Cory Bowman, half-brother of Vice President JD Vance.
Follow AP for live updates.
Follow AP for live updates.
Live updates: US voters head to the polls in first general election since Trump's return to power
One year after Donald Trump retook the presidency, 2025 Election Day includes closely watched races for New York City mayor, New Jersey governor and California's Proposition 50.
bit.ly
November 5, 2025 at 1:19 AM
BREAKING: Democrat Aftab Pureval wins Cincinnati mayoral election over Cory Bowman, half-brother of Vice President JD Vance.
Follow AP for live updates.
Follow AP for live updates.
Reposted by Chris Rugaber
BREAKING: Democrat Ghazala Hashmi won the lieutenant governor’s race in Virginia on Tuesday, defeating Republican John Reid. She is the first Indian American and first Muslim to win statewide office in Virginia.
Follow AP for live updates.
Follow AP for live updates.
Live updates: US voters head to the polls in first general election since Trump's return to power
One year after Donald Trump retook the presidency, 2025 Election Day includes closely watched races for New York City mayor, New Jersey governor and California's Proposition 50.
bit.ly
November 5, 2025 at 1:34 AM
BREAKING: Democrat Ghazala Hashmi won the lieutenant governor’s race in Virginia on Tuesday, defeating Republican John Reid. She is the first Indian American and first Muslim to win statewide office in Virginia.
Follow AP for live updates.
Follow AP for live updates.
Reposted by Chris Rugaber
Read the November issue of Economic Compass by
Diane Swonk, chief economist at KPMG. She examines how on the one hand, the economy is booming, mostly on AI investment. On the other hand, the labor market is lagging, something that started this year. kpmg.com/us/en/articl...
Diane Swonk, chief economist at KPMG. She examines how on the one hand, the economy is booming, mostly on AI investment. On the other hand, the labor market is lagging, something that started this year. kpmg.com/us/en/articl...
Rising tide fails to lift all boats
A jobless boom
kpmg.com
November 4, 2025 at 9:52 PM
Read the November issue of Economic Compass by
Diane Swonk, chief economist at KPMG. She examines how on the one hand, the economy is booming, mostly on AI investment. On the other hand, the labor market is lagging, something that started this year. kpmg.com/us/en/articl...
Diane Swonk, chief economist at KPMG. She examines how on the one hand, the economy is booming, mostly on AI investment. On the other hand, the labor market is lagging, something that started this year. kpmg.com/us/en/articl...
The ISM's manufacturing report shows factory activity still declining in October, as production contracted. New orders did improve a bit. Employment also shrinking though less quickly, and prices moving up though not as fast as previous month:
November 3, 2025 at 3:14 PM
The ISM's manufacturing report shows factory activity still declining in October, as production contracted. New orders did improve a bit. Employment also shrinking though less quickly, and prices moving up though not as fast as previous month:
Goldman Sachs on the shutdown: “largest economic impact” of any shutdown
November 3, 2025 at 1:16 PM
Goldman Sachs on the shutdown: “largest economic impact” of any shutdown
Some takeaways from yesterday's Powell presser: The Fed is clearly being whipsawed by an economy all over the map. Are things getting better, or worse?
It's hard to tell for both inflation and hiring, particularly without government data. A 🧵
It's hard to tell for both inflation and hiring, particularly without government data. A 🧵
October 30, 2025 at 4:09 PM
Some takeaways from yesterday's Powell presser: The Fed is clearly being whipsawed by an economy all over the map. Are things getting better, or worse?
It's hard to tell for both inflation and hiring, particularly without government data. A 🧵
It's hard to tell for both inflation and hiring, particularly without government data. A 🧵
One takeaway from Powell: The new reluctance to cut in December is not necessarily out of fear of inflation, but to see if economy is doing better.
Powell: "For some part of the committee, it's time to maybe take a step back and see if whether there really are downside risks to the labor market."
Powell: "For some part of the committee, it's time to maybe take a step back and see if whether there really are downside risks to the labor market."
October 29, 2025 at 9:17 PM
One takeaway from Powell: The new reluctance to cut in December is not necessarily out of fear of inflation, but to see if economy is doing better.
Powell: "For some part of the committee, it's time to maybe take a step back and see if whether there really are downside risks to the labor market."
Powell: "For some part of the committee, it's time to maybe take a step back and see if whether there really are downside risks to the labor market."
Reposted by Chris Rugaber
I like @chrisrugaber.bsky.social 's question about whether AI investment boom reflects easy monetary policy; I'm surprised Powell didn't default to the dual mandate in his answer!
October 29, 2025 at 7:37 PM
I like @chrisrugaber.bsky.social 's question about whether AI investment boom reflects easy monetary policy; I'm surprised Powell didn't default to the dual mandate in his answer!
As always, it pays to track what Fed governor Chris Waller says -- his Oct. 16 speech foreshadowed that a December rate cut is not a done deal.
October 29, 2025 at 7:13 PM
As always, it pays to track what Fed governor Chris Waller says -- his Oct. 16 speech foreshadowed that a December rate cut is not a done deal.
Reposted by Chris Rugaber
“.. The cost to insure against default on the company debt over the next five years is hovering near its highest since Oct. 2023 ..”
@bloomberg.com $ORCL
www.bloomberg.com/news/article...
@bloomberg.com $ORCL
www.bloomberg.com/news/article...
October 29, 2025 at 1:47 PM
“.. The cost to insure against default on the company debt over the next five years is hovering near its highest since Oct. 2023 ..”
@bloomberg.com $ORCL
www.bloomberg.com/news/article...
@bloomberg.com $ORCL
www.bloomberg.com/news/article...
The Trump administration has narrowed its list of potential future Fed chairs to five. Big changes are likely in store for the Fed no matter who it is.
Our story from yesterday:
apnews.com/article/fede...
Our story from yesterday:
apnews.com/article/fede...
Trump administration narrows list of potential Federal Reserve chairs to 5
Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
apnews.com
October 28, 2025 at 3:03 PM
The Trump administration has narrowed its list of potential future Fed chairs to five. Big changes are likely in store for the Fed no matter who it is.
Our story from yesterday:
apnews.com/article/fede...
Our story from yesterday:
apnews.com/article/fede...
Amid criticism from Treas Sec Bessent for allowing "mission creep," the Fed and other financial regulators today retreated from climate-related action, rescinding a set of principles issued in 2023 for banks to manage climate-related financial risk:
www.federalreserve.gov/newsevents/p...
www.federalreserve.gov/newsevents/p...
www.federalreserve.gov
October 16, 2025 at 7:34 PM
Amid criticism from Treas Sec Bessent for allowing "mission creep," the Fed and other financial regulators today retreated from climate-related action, rescinding a set of principles issued in 2023 for banks to manage climate-related financial risk:
www.federalreserve.gov/newsevents/p...
www.federalreserve.gov/newsevents/p...
Reposted by Chris Rugaber
We were actually getting somewhere, too. 😞
@sbmitche.bsky.social
www.library.hbs.edu/working-know...
@sbmitche.bsky.social
www.library.hbs.edu/working-know...
October 15, 2025 at 11:47 AM
We were actually getting somewhere, too. 😞
@sbmitche.bsky.social
www.library.hbs.edu/working-know...
@sbmitche.bsky.social
www.library.hbs.edu/working-know...
Reposted by Chris Rugaber
The fiscal outlook discussion at the @nabe-econ.bsky.social annual meeting is not exactly uplifting. Sorry y’all but AI driven productivity cannot plausibly fix the problem, hope for bipartisan approaches seem remote at best, immigration policy hurts, and we keep going until the market cries uncle…
October 13, 2025 at 2:26 PM
The fiscal outlook discussion at the @nabe-econ.bsky.social annual meeting is not exactly uplifting. Sorry y’all but AI driven productivity cannot plausibly fix the problem, hope for bipartisan approaches seem remote at best, immigration policy hurts, and we keep going until the market cries uncle…
Spoke to new Nobel Economics laureate Joel Mokyr early this morning.
His students had asked him about the possibility he would win the Nobel, he said. "I told them that I was more likely to be elected pope than to win the Nobel prize in economics, and I am Jewish by the way."
1/2
His students had asked him about the possibility he would win the Nobel, he said. "I told them that I was more likely to be elected pope than to win the Nobel prize in economics, and I am Jewish by the way."
1/2
October 13, 2025 at 1:25 PM
Spoke to new Nobel Economics laureate Joel Mokyr early this morning.
His students had asked him about the possibility he would win the Nobel, he said. "I told them that I was more likely to be elected pope than to win the Nobel prize in economics, and I am Jewish by the way."
1/2
His students had asked him about the possibility he would win the Nobel, he said. "I told them that I was more likely to be elected pope than to win the Nobel prize in economics, and I am Jewish by the way."
1/2
WASHINGTON (AP) — Inflation has risen in three of the last four months and is slightly higher than it was a year ago. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve.
apnews.com/article/trum...
apnews.com/article/trum...
Trump says inflation is 'defeated' and the Fed has cut rates, yet prices remain too high for many
Inflation has risen in three of the last four months and is slightly higher than it was a year ago. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation figh...
apnews.com
October 12, 2025 at 2:02 PM
WASHINGTON (AP) — Inflation has risen in three of the last four months and is slightly higher than it was a year ago. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve.
apnews.com/article/trum...
apnews.com/article/trum...