@HorsleyScott
FOLLOWERS: 65.51K
scott horsley
1 day ago: Thursday Jun 30 - 9:41am
Personal income rose 0.5% in May while personal spending rose 0.2%. Prices rose 0.6%, according to the Federal Reserve’s preferred measure of inflation. For the 12 months ending in May, prices are up 6.3% (or 4.7% excluding food and energy).
scott horsley
1 day ago: Thursday Jun 30 - 9:36am
New claims for unemployment benefits were little changed last week at 231,000. As of 11 June, just over 1.3 million people were receiving some form of jobless aid.
scott horsley
1 day ago: Thursday Jun 30 - 12:22am
RT @ekopp: Work with @davidfolkenflik @BobbyAllyn @davidgura @andrea_c_hsu @pgogoi @HorsleyScott @alinaselyukh @camilareads and many others https://t.co/8YxB9vv6pN
scott horsley
6 days ago: Saturday Jun 25 - 6:49am
Three out of four women seeking an abortion in the US are low-income. Research shows limiting access to the procedure is likely to make poor women poorer, as we reported back in 2019. https://t.co/HLjvmKJJR2
scott horsley
1 week ago: Friday Jun 24 - 10:34am
RT @NPR: BREAKING: The Supreme Court has officially overturned Roe v. Wade in a seismic ruling ending the right to abortion upheld for nearly half a century. https://t.co/wBetRhdEOA
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scott horsley
1 week ago: Thursday Jun 23 - 11:11am
https://t.co/fJ6uynib32
scott horsley
1 week ago: Thursday Jun 23 - 10:57am
@Lillard_Lee Raygun has you covered: https://t.co/VfC2YB8oz6
scott horsley
1 week ago: Thursday Jun 23 - 8:48am
New claims for unemployment benefits were basically flat last week: 229,000. The total number of people receiving benefits as of 4 June was also little changed: just under 1.3 million.
scott horsley
1 week ago: Wednesday Jun 22 - 7:30pm
@LukeRunyon @NPR https://t.co/oVJn2i3xBP https://t.co/G5l9jAjAsY
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scott horsley
1 week ago: Wednesday Jun 22 - 2:27pm
https://t.co/yxA5hwkPTF
scott horsley
1 week ago: Sunday Jun 19 - 6:28pm
Gasoline prices falling. AAA’s national average is now $4.98 https://t.co/UOFjMo92ub
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scott horsley
1 week ago: Sunday Jun 19 - 1:10pm
Life imitates art https://t.co/jktlApoj0v
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scott horsley
1 week ago: Sunday Jun 19 - 11:24am
https://t.co/DoV6hYx9AZ
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scott horsley
1 week ago: Sunday Jun 19 - 11:24am
https://t.co/XxfN8JqmN9
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scott horsley
1 week ago: Sunday Jun 19 - 11:23am
This pedestrian tunnel near the West Hyattsville Metro station has undergone a metamorphosis https://t.co/XxkkUjbVLH
Link to Image
scott horsley
1 week ago: Sunday Jun 19 - 8:09am
@annawritedraw Not automatically. Interest on deposits and CDs may climb, but not by 75 basis points. Many banks already have more money than they can profitably lend. But some banks are paying more so it pays to shop around. Internet-only banks often pay the highest interest.
scott horsley
2 weeks ago: Friday Jun 17 - 10:15am
The biggest declines in manufacturing were in wood products and machinery. Auto production was UP in May for the third month in a row.
scott horsley
2 weeks ago: Friday Jun 17 - 10:02am
Some useful context: Gasoline consumes about 5% of the average worker's paycheck today (assuming average price, wage, driving habits, and fuel efficiency). Over the last 4+ decades, that share has ranged from a low of 2% to a high of about 7.5%. https://t.co/o6rdACc2Az
scott horsley
2 weeks ago: Friday Jun 17 - 9:33am
Industrial production rose just 0.2% in May -- a marked slowdown from the four previous months this year. Manufacturing output declined 0.1% last month, following three months of steady growth. https://t.co/3zjnprADnV
scott horsley
2 weeks ago: Friday Jun 17 - 9:32am
RT @SmokeonCars: The latest weekly used vehicle price trends reflect normal price depreciation. When a seasonally adjusted price series like the Manheim Index is stable like this, it is a signal that demand and supply are in balance.
scott horsley
2 weeks ago: Friday Jun 17 - 7:10am
@VictoriaCraig you should follow my sister, @LynnHorsley Lots of this: https://t.co/vMy2PItTN2
scott horsley
2 weeks ago: Thursday Jun 16 - 8:44am
New claims for unemployment benefits were essentially flat last week -- 229,000. As of 28 May, just under 1.3 million people were receiving some form of jobless aid -- also little changed from the week before.
scott horsley
2 weeks ago: Wednesday Jun 15 - 2:07pm
The Fed approves a 3/4 point rate hike today -- the largest in 28 years -- as it works to control inflation. https://t.co/rpy4FodyfY
scott horsley
2 weeks ago: Wednesday Jun 15 - 10:18am
@LookingGdLouis Seems like gas and food's share of spending has basically returned to normal...after a spike early in the pandemic (which was all food, not gas) and then a drop as spending on everything else soared. Am I reading that right?
scott horsley
2 weeks ago: Wednesday Jun 15 - 9:32am
Retail sales fell 0.3% in May -- thanks in part to a drop in auto sales. (New cars are still in short supply.) Spending was up at gas stations, grocery stores, and restaurants, but only enough to keep pace with rising prices.
scott horsley
2 weeks ago: Monday Jun 13 - 7:31pm
@titonka https://t.co/Sd2nsJulko
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scott horsley
2 weeks ago: Monday Jun 13 - 12:38pm
Consumers' outlook for inflation a year from now worsened between April and May. But expectations for inflation three years from now were unchanged. And while price hikes are outpacing wage gains, the average consumer expects real spending to keep growing. https://t.co/HNeY02PiXu
scott horsley
3 weeks ago: Friday Jun 10 - 11:57am
@_Jimichan_ Yes. 33% size reduction. 50% price hike.
scott horsley
3 weeks ago: Friday Jun 10 - 8:38am
Consumer prices in May were 8.6% higher than a year ago--the largest increase since December 1981. Prices rose 1% between April and May, with gasoline, groceries, and rent leading the way. https://t.co/ihzXuPoPxH
scott horsley
3 weeks ago: Friday Jun 10 - 5:53am
Consumers who swallowed price increases in the past are starting to balk as gasoline nears $5/gallon nationwide. But people are still splurging on travel & entertainment. How Americans are adjusting to soaring inflation - https://t.co/ihzXuPoPxH
scott horsley
3 weeks ago: Thursday Jun 9 - 7:01pm
@jasonfurman Look out, though, if Hellmann's and Best Foods ever try to combine.
scott horsley
3 weeks ago: Thursday Jun 9 - 8:54am
New claims for unemployment benefits rose last week to 229,000 -- up from a revised 202,000 the week before. The total number of people receiving jobless aid has been trending downwards: just below 1.3 million as of 21 May.
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:51am
@bobstiner Want to share your experience with NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:46am
@STFU_anajai2 Want to share your experience with NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:39am
@bigmike_ak Howdy. Want to share your experience with NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:36am
@ArcticFox_am_I Howdy. Want to share your experience with NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:33am
@makingdayscount @lacroixwater Howdy. Want to share your story w/ NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 10:25am
RT @NPRextra: "I'm excited to become a part of the @npratc team & to play a role in introducing a new, diverse generation of listeners to the blend of powerful storytelling, accountability journalism & culturally relevant conversations you only find on NPR." @jmsummers https://t.co/VYr2BbCfkR
scott horsley
3 weeks ago: Tuesday Jun 7 - 9:13pm
@Clay_Masters @LukeRunyon @KUNC @CUBoulder What Clay said! And glad you’ll be doing it from the western slope!
scott horsley
3 weeks ago: Tuesday Jun 7 - 10:12am
The dip in used car prices in April, like the dip in gasoline prices, appears to have reversed in May. https://t.co/zhtun0mfhV
scott horsley
4 weeks ago: Friday Jun 3 - 8:37am
US employers added 390,000 jobs in May, as the unemployment rate held steady at 3.6%. https://t.co/jeeUWKwAVh
scott horsley
4 weeks ago: Thursday Jun 2 - 9:44pm
@MatthewCappucci But on the plus side… https://t.co/uNkL5vhzGE
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scott horsley
4 weeks ago: Thursday Jun 2 - 8:45am
New claims for unemployment benefits dropped last week to 200,000 -- down 11,000 from the week before. The total number of people receiving jobless benefits as of May 14th was 1.3 million -- little changed from the week before.
scott horsley
1 month ago: Tuesday May 31 - 7:44pm
What Robb Elementary School has meant in Uvalde's history of Mexican activism - https://t.co/v9jPBHcslN
scott horsley
1 month ago: Monday May 30 - 7:36am
"The breast is the shortest supply chain," an economist argues, as the baby formula shortage highlights the fragility of the highly-concentrated industry. https://t.co/i4lsmQxG98
scott horsley
1 month ago: Friday May 27 - 9:23am
Just in time for that Memorial Day weekend road trip, AAA says the average price of gasoline FELL today, for the first time in over a month. (Not much of a dip, but still...) https://t.co/oCo6qGrhhR
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scott horsley
1 month ago: Friday May 27 - 8:52am
The personal savings rate dropped to 4.4% in April, from 5% in March. The savings rate last December was nearly twice as high.
scott horsley
1 month ago: Friday May 27 - 8:48am
Spending on services rose faster in nominal terms than spending on goods in April, but if you adjust for inflation, spending on goods rose twice as fast.
scott horsley
1 month ago: Friday May 27 - 8:44am
@kairyssdal Question for your Friday panel: Can Maverick deliver a soft landing? Do naval aviators even know what that means?
scott horsley
1 month ago: Friday May 27 - 8:43am
Personal income rose 0.4% last month while personal spending rose 0.9%. Prices -- according to the Federal Reserve's preferred measure -- were up 0.2% between March and April, and 6.3% over the last 12 months. https://t.co/RbqYnCpWu8
scott horsley
1 month ago: Thursday May 26 - 8:47am
New claims for unemployment benefits dipped slightly last week. The total number of people receiving jobless benefits continues to decline, to 1.3 million as of early May.
scott horsley
1 month ago: Thursday May 26 - 8:46am
Revised figures from the Commerce Department show the economy's hiccup in the first three months of the year was slightly larger than initially reported. GDP shrank at an annual rate of 1.5%, not 1.4%. Still mostly an inventory story. Consumer spending was stronger than thought.
scott horsley
1 month ago: Wednesday May 25 - 2:02pm
GDP is expected to grow by 3.1%, while inflation is projected to end the year around 6.7%. https://t.co/Udxb1fYf0j
scott horsley
1 month ago: Wednesday May 25 - 2:00pm
Congressional forecasters expect the federal deficit will shrink to $1 trillion this year, down from $2.8 trillion in 2021. Revenues as a share of the economy are the highest they've been in two decades. But that's not expected to continue in the years to come.
scott horsley
1 month ago: Tuesday May 24 - 4:29pm
The Federal Trade Commission is launching an inquiry into the infant formula shortage, including whether the government's own policies may have contributed to a highly concentrated and fragile supply chain. https://t.co/1kyYNta62a https://t.co/ACcMJ7BAte
scott horsley
1 month ago: Friday May 20 - 10:45am
@JessicaHornick @titonka Supreme Court exhibit A: flowers from Nina's garden https://t.co/Z2b6HvvRa4
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scott horsley
1 month ago: Friday May 20 - 10:02am
RT @bencasselman: When millions of older workers lost or left their jobs early in the pandemic, economists wondered how many of them would ever come back. Two years later, the “early retirement” narrative turns out to have been largely a myth. https://t.co/oMfIoROgUd
scott horsley
1 month ago: Thursday May 19 - 9:15am
New claims for unemployment benefits rose last week to 218,000. As of 30 April, some 1.37 million people were receiving some form of jobless aid -- a drop of 69,000 from the previous week.
scott horsley
1 month ago: Thursday May 19 - 5:56am
Formula for trouble: How the U.S. got into an infant formula mess - https://t.co/ACcMJ7BAte
scott horsley
1 month ago: Wednesday May 18 - 7:27pm
@_ShiraCohen shorsley@npr.org
scott horsley
1 month ago: Thursday May 12 - 5:16pm
Fed chairman Jerome Powell will continue to lead the fight against inflation, after winning Senate confirmation to a second term today. Powell talks about his battle plan with our friends @Marketplace. https://t.co/V0QCJnM9iQ
scott horsley
1 month ago: Thursday May 12 - 2:36pm
https://t.co/lfwiHPnhVp
scott horsley
1 month ago: Thursday May 12 - 10:37am
Home prices are soaring -- to levels that may be too high to sustain. Check out what's happening in your hometown. https://t.co/PIuzJWKUhc
scott horsley
1 month ago: Thursday May 12 - 8:57am
@tamarakeithNPR @RAYGUNshirts An acre-foot of NPR is 326,000 gallons of public radio--or enough to satisfy a typical family for one to two years.
scott horsley
1 month ago: Thursday May 12 - 8:55am
New claims for unemployment were little changed last week. 203,000 people applied for benefits. The total number of people receiving jobless aid continues to decline--to about 1.4 million as of 23 April.
scott horsley
1 month ago: Wednesday May 11 - 9:15pm
A great story from Rachel Wolfe @wsj about the people and process behind today’s inflation report. https://t.co/FK3mbSNtgD
scott horsley
1 month ago: Wednesday May 11 - 8:08pm
Economist Phillip Jefferson has been confirmed to a seat on the Federal Reserve’s governing board. The Senate vote was 91-7. A vote to confirm Jerome Powell to a second term as Fed chairman could come tomorrow.
scott horsley
1 month ago: Wednesday May 11 - 8:48am
The price of food, rent, airline tickets and new cars rose last month. The price of used cars fell.
scott horsley
1 month ago: Wednesday May 11 - 8:40am
Annual inflation dipped a bit last month, to a still high 8.3% (from 8.5% in March). A short-lived drop in gasoline prices helped, but gas prices have since rebounded to record highs. https://t.co/a7Yq1eQct8
scott horsley
1 month ago: Wednesday May 11 - 5:34am
New inflation numbers for April are due out this morning. An advisory panel suggests the government start reporting the uneven effects of price hikes on people at different income levels. https://t.co/a7Yq1eQct8
scott horsley
1 month ago: Tuesday May 10 - 8:59pm
A divided Senate confirmed Lisa Cook to the Federal Reserve board tonight, with Vice President Harris casting the tie-breaking vote. Cook will be the first African American woman to serve on the Fed’s governing board. https://t.co/Bcbu9RXC7S
scott horsley
1 month ago: Sunday May 8 - 3:46pm
RT @tamarakeithNPR: NPR’s @scottdetrow was there as @FLOTUS met with Ukraine’s First Lady…in Ukraine. It was a secret trip and the first public appearance by Olena Zelenska since the war began. https://t.co/BlyqwClZ4E
scott horsley
1 month ago: Saturday May 7 - 7:53pm
RT @NickTimiraos: The point of the story: “This is an institution from top to bottom that knows that the one great sin that will be remembered by everyone 50 years later is if you let inflation get out of control.” https://t.co/jfrzdpZr4S
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scott horsley
1 month ago: Friday May 6 - 8:40am
https://t.co/psu0xLa0Lc
scott horsley
1 month ago: Thursday May 5 - 8:52am
New claims for unemployment benefits rose slightly last week to 200,000 -- though this may be noise due to seasonal adjustments. (Un-adjusted claims were slightly lower.) The total number of people receiving some form of jobless aid as of mid-April dipped below 1.5 million.
scott horsley
1 month ago: Wednesday May 4 - 2:10pm
https://t.co/6hyUej2pXm
scott horsley
1 month ago: Wednesday May 4 - 6:26am
RT @gregorykorte: I don't claim any extraordinary foresight or expertise on constitutional law, but here's a quick thread on the day I saw this (draft) opinion overturning Roe v. Wade coming. It was 2018, and it was the only time I've ever covered Supreme Court decisions from the chamber....🧵
scott horsley
1 month ago: Tuesday May 3 - 5:56am
https://t.co/DFKRy5op8M
scott horsley
1 month ago: Monday May 2 - 9:29pm
RT @noahgcr: A few weeks ago we reported from the town of Borodyanka, a few hours northwest of Kyiv, days after it was liberated. I brought a roll of film, which just got developed. Here are a few glimpses -- of devastation, but also of incredibly resilient people trying to rebuild: https://t.co/OFqH2c4PJx
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scott horsley
2 months ago: Sunday May 1 - 7:39pm
@MarybethMahrer Afraid that’s my much younger colleague @scottdetrow in the pic. My face is every bit as weathered as my voice.
scott horsley
2 months ago: Friday Apr 29 - 9:32am
The Fed is also keeping a close eye on wages, which could fuel inflation. Wages in the first quarter were up 1.2% from the previous quarter, while overall compensation costs rose 1.4%.
scott horsley
2 months ago: Friday Apr 29 - 9:30am
The Commerce Department's measure of inflation (closely watched by the Fed) show prices in March were up 6.6% from a year ago. Excluding food and energy, prices were up 5.2%.
scott horsley
2 months ago: Friday Apr 29 - 9:28am
Personal spending rose 1.1% in March while personal income rose 0.5%. Americans spent more on services last month and less on stuff. Higher prices account for some of the increased spending.
scott horsley
2 months ago: Thursday Apr 28 - 9:01am
New claims for unemployment benefits dipped again last week to 180,000. As of 9 April, just 1.5 million people were receiving some form of unemployment aid. (A year earlier, it was 16.5 million.)
scott horsley
2 months ago: Thursday Apr 28 - 8:54am
Headline GDP was weighed down by a drop in inventories, exports, and government spending.
scott horsley
2 months ago: Thursday Apr 28 - 8:36am
GDP shrank at an annual rate of 1.4% in the first three months of the year. But it's not as bad as it looks. Personal consumption grew at an annual rate of 2.7%. And private investment grew at a 2.3% pace. https://t.co/KF5pZA30fP
scott horsley
2 months ago: Thursday Apr 28 - 5:28am
GDP figures out this morning are expected to show a sharp slowdown in economic growth -- perhaps even a contraction -- in the first three months of the year. But economists say that's not as worrisome as it sounds. https://t.co/KF5pZA30fP
scott horsley
2 months ago: Tuesday Apr 26 - 3:54pm
Two other central bank nominations are also waiting in the wings, including Philip Jefferson to a seat on the Fed's governing board and Jerome Powell's nomination for a second term as Fed chairman.
scott horsley
2 months ago: Tuesday Apr 26 - 3:53pm
The Senate voted to confirm Lael Brainard as Vice Chair of the Federal Reserve. But confirmation of a second Fed nominee, Lisa Cook, is on hold for now because two Senate Democrats tested positive for COVID, and Cook is likely to need support from all 50 Democrats to advance.
scott horsley
2 months ago: Thursday Apr 21 - 2:51pm
The Federal Reserve raised interest rates by 1/4 percentage point at its last meeting. And with inflation running 3-4 times the central bank's target, Fed chairman Jerome Powell says a half-point rate hike is definitely on the table at the next meeting in two weeks. https://t.co/kkCRIgjEKf
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scott horsley
2 months ago: Thursday Apr 21 - 2:27pm
The pandemic and the war in Ukraine have strained but not yet broken economic ties linking countries around the world. https://t.co/aYdUxUowFZ
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scott horsley
2 months ago: Thursday Apr 21 - 8:56am
New claims for unemployment benefits fell slightly last week to 184,000. As of 12 April, 1.6 million people were receiving some form of jobless aid. That's down nearly 91% from the 17.4 million people who were receiving unemployment benefits a year earlier.
scott horsley
2 months ago: Wednesday Apr 20 - 5:12pm
RT @nprpolitics: Janet Yellen and other finance ministers walk out of G20 meeting as Russia speaks https://t.co/gkrTjF2EKM
scott horsley
2 months ago: Friday Apr 15 - 9:53am
I see I'm not the first to raise this question. https://t.co/rpTWo0klLI
scott horsley
2 months ago: Friday Apr 15 - 9:52am
I liked this Politico explainer about cheeseburger inflation but found myself asking, "what's the egg doing in there?" https://t.co/MnxnB6Nwqq
scott horsley
2 months ago: Thursday Apr 14 - 10:27am
The average rate on a 30-year fixed mortgage has reached 5%, according to Freddie Mac, the highest since February 2011. A year ago, the average rate was just over 3%. https://t.co/se4grxPZfT
scott horsley
2 months ago: Thursday Apr 14 - 9:59am
@kelsey_snell Same. This may also explain the lawn mower sound in the background of my radio reports today.
scott horsley
2 months ago: Thursday Apr 14 - 9:58am
Some of the sales gains reflect a real increase, though, including sales at restaurants, clothing stores, and electronics stores.
scott horsley
2 months ago: Thursday Apr 14 - 9:56am
Last month's sales increase primarily reflects higher prices rather than people buying more stuff. Increased spend at gas stations was only about half the size of last month's gasoline price hike, suggesting people are driving less. Similar but smaller drop in real grocery sales.
scott horsley
2 months ago: Thursday Apr 14 - 8:53am
New claims for unemployment benefits rose slightly last week to a still-low 185,000. As of 26 March, 1.7 million people were receiving some form of jobless aid.
1 day ago: Thursday Jun 30 - 9:41am
Personal income rose 0.5% in May while personal spending rose 0.2%. Prices rose 0.6%, according to the Federal Reserve’s preferred measure of inflation. For the 12 months ending in May, prices are up 6.3% (or 4.7% excluding food and energy).
scott horsley
1 day ago: Thursday Jun 30 - 9:36am
New claims for unemployment benefits were little changed last week at 231,000. As of 11 June, just over 1.3 million people were receiving some form of jobless aid.
scott horsley
1 day ago: Thursday Jun 30 - 12:22am
RT @ekopp: Work with @davidfolkenflik @BobbyAllyn @davidgura @andrea_c_hsu @pgogoi @HorsleyScott @alinaselyukh @camilareads and many others https://t.co/8YxB9vv6pN
scott horsley
6 days ago: Saturday Jun 25 - 6:49am
Three out of four women seeking an abortion in the US are low-income. Research shows limiting access to the procedure is likely to make poor women poorer, as we reported back in 2019. https://t.co/HLjvmKJJR2
scott horsley
1 week ago: Friday Jun 24 - 10:34am
RT @NPR: BREAKING: The Supreme Court has officially overturned Roe v. Wade in a seismic ruling ending the right to abortion upheld for nearly half a century. https://t.co/wBetRhdEOA
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scott horsley
1 week ago: Thursday Jun 23 - 11:11am
https://t.co/fJ6uynib32
scott horsley
1 week ago: Thursday Jun 23 - 10:57am
@Lillard_Lee Raygun has you covered: https://t.co/VfC2YB8oz6
scott horsley
1 week ago: Thursday Jun 23 - 8:48am
New claims for unemployment benefits were basically flat last week: 229,000. The total number of people receiving benefits as of 4 June was also little changed: just under 1.3 million.
scott horsley
1 week ago: Wednesday Jun 22 - 7:30pm
@LukeRunyon @NPR https://t.co/oVJn2i3xBP https://t.co/G5l9jAjAsY
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scott horsley
1 week ago: Wednesday Jun 22 - 2:27pm
https://t.co/yxA5hwkPTF
scott horsley
1 week ago: Sunday Jun 19 - 6:28pm
Gasoline prices falling. AAA’s national average is now $4.98 https://t.co/UOFjMo92ub
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scott horsley
1 week ago: Sunday Jun 19 - 1:10pm
Life imitates art https://t.co/jktlApoj0v
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scott horsley
1 week ago: Sunday Jun 19 - 11:24am
https://t.co/DoV6hYx9AZ
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scott horsley
1 week ago: Sunday Jun 19 - 11:24am
https://t.co/XxfN8JqmN9
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scott horsley
1 week ago: Sunday Jun 19 - 11:23am
This pedestrian tunnel near the West Hyattsville Metro station has undergone a metamorphosis https://t.co/XxkkUjbVLH
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scott horsley
1 week ago: Sunday Jun 19 - 8:09am
@annawritedraw Not automatically. Interest on deposits and CDs may climb, but not by 75 basis points. Many banks already have more money than they can profitably lend. But some banks are paying more so it pays to shop around. Internet-only banks often pay the highest interest.
scott horsley
2 weeks ago: Friday Jun 17 - 10:15am
The biggest declines in manufacturing were in wood products and machinery. Auto production was UP in May for the third month in a row.
scott horsley
2 weeks ago: Friday Jun 17 - 10:02am
Some useful context: Gasoline consumes about 5% of the average worker's paycheck today (assuming average price, wage, driving habits, and fuel efficiency). Over the last 4+ decades, that share has ranged from a low of 2% to a high of about 7.5%. https://t.co/o6rdACc2Az
scott horsley
2 weeks ago: Friday Jun 17 - 9:33am
Industrial production rose just 0.2% in May -- a marked slowdown from the four previous months this year. Manufacturing output declined 0.1% last month, following three months of steady growth. https://t.co/3zjnprADnV
scott horsley
2 weeks ago: Friday Jun 17 - 9:32am
RT @SmokeonCars: The latest weekly used vehicle price trends reflect normal price depreciation. When a seasonally adjusted price series like the Manheim Index is stable like this, it is a signal that demand and supply are in balance.
scott horsley
2 weeks ago: Friday Jun 17 - 7:10am
@VictoriaCraig you should follow my sister, @LynnHorsley Lots of this: https://t.co/vMy2PItTN2
scott horsley
2 weeks ago: Thursday Jun 16 - 8:44am
New claims for unemployment benefits were essentially flat last week -- 229,000. As of 28 May, just under 1.3 million people were receiving some form of jobless aid -- also little changed from the week before.
scott horsley
2 weeks ago: Wednesday Jun 15 - 2:07pm
The Fed approves a 3/4 point rate hike today -- the largest in 28 years -- as it works to control inflation. https://t.co/rpy4FodyfY
scott horsley
2 weeks ago: Wednesday Jun 15 - 10:18am
@LookingGdLouis Seems like gas and food's share of spending has basically returned to normal...after a spike early in the pandemic (which was all food, not gas) and then a drop as spending on everything else soared. Am I reading that right?
scott horsley
2 weeks ago: Wednesday Jun 15 - 9:32am
Retail sales fell 0.3% in May -- thanks in part to a drop in auto sales. (New cars are still in short supply.) Spending was up at gas stations, grocery stores, and restaurants, but only enough to keep pace with rising prices.
scott horsley
2 weeks ago: Monday Jun 13 - 7:31pm
@titonka https://t.co/Sd2nsJulko
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scott horsley
2 weeks ago: Monday Jun 13 - 12:38pm
Consumers' outlook for inflation a year from now worsened between April and May. But expectations for inflation three years from now were unchanged. And while price hikes are outpacing wage gains, the average consumer expects real spending to keep growing. https://t.co/HNeY02PiXu
scott horsley
3 weeks ago: Friday Jun 10 - 11:57am
@_Jimichan_ Yes. 33% size reduction. 50% price hike.
scott horsley
3 weeks ago: Friday Jun 10 - 8:38am
Consumer prices in May were 8.6% higher than a year ago--the largest increase since December 1981. Prices rose 1% between April and May, with gasoline, groceries, and rent leading the way. https://t.co/ihzXuPoPxH
scott horsley
3 weeks ago: Friday Jun 10 - 5:53am
Consumers who swallowed price increases in the past are starting to balk as gasoline nears $5/gallon nationwide. But people are still splurging on travel & entertainment. How Americans are adjusting to soaring inflation - https://t.co/ihzXuPoPxH
scott horsley
3 weeks ago: Thursday Jun 9 - 7:01pm
@jasonfurman Look out, though, if Hellmann's and Best Foods ever try to combine.
scott horsley
3 weeks ago: Thursday Jun 9 - 8:54am
New claims for unemployment benefits rose last week to 229,000 -- up from a revised 202,000 the week before. The total number of people receiving jobless aid has been trending downwards: just below 1.3 million as of 21 May.
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:51am
@bobstiner Want to share your experience with NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:46am
@STFU_anajai2 Want to share your experience with NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:39am
@bigmike_ak Howdy. Want to share your experience with NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:36am
@ArcticFox_am_I Howdy. Want to share your experience with NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 11:33am
@makingdayscount @lacroixwater Howdy. Want to share your story w/ NPR listeners? Drop me a note. shorsley@npr.org
scott horsley
3 weeks ago: Wednesday Jun 8 - 10:25am
RT @NPRextra: "I'm excited to become a part of the @npratc team & to play a role in introducing a new, diverse generation of listeners to the blend of powerful storytelling, accountability journalism & culturally relevant conversations you only find on NPR." @jmsummers https://t.co/VYr2BbCfkR
scott horsley
3 weeks ago: Tuesday Jun 7 - 9:13pm
@Clay_Masters @LukeRunyon @KUNC @CUBoulder What Clay said! And glad you’ll be doing it from the western slope!
scott horsley
3 weeks ago: Tuesday Jun 7 - 10:12am
The dip in used car prices in April, like the dip in gasoline prices, appears to have reversed in May. https://t.co/zhtun0mfhV
scott horsley
4 weeks ago: Friday Jun 3 - 8:37am
US employers added 390,000 jobs in May, as the unemployment rate held steady at 3.6%. https://t.co/jeeUWKwAVh
scott horsley
4 weeks ago: Thursday Jun 2 - 9:44pm
@MatthewCappucci But on the plus side… https://t.co/uNkL5vhzGE
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scott horsley
4 weeks ago: Thursday Jun 2 - 8:45am
New claims for unemployment benefits dropped last week to 200,000 -- down 11,000 from the week before. The total number of people receiving jobless benefits as of May 14th was 1.3 million -- little changed from the week before.
scott horsley
1 month ago: Tuesday May 31 - 7:44pm
What Robb Elementary School has meant in Uvalde's history of Mexican activism - https://t.co/v9jPBHcslN
scott horsley
1 month ago: Monday May 30 - 7:36am
"The breast is the shortest supply chain," an economist argues, as the baby formula shortage highlights the fragility of the highly-concentrated industry. https://t.co/i4lsmQxG98
scott horsley
1 month ago: Friday May 27 - 9:23am
Just in time for that Memorial Day weekend road trip, AAA says the average price of gasoline FELL today, for the first time in over a month. (Not much of a dip, but still...) https://t.co/oCo6qGrhhR
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scott horsley
1 month ago: Friday May 27 - 8:52am
The personal savings rate dropped to 4.4% in April, from 5% in March. The savings rate last December was nearly twice as high.
scott horsley
1 month ago: Friday May 27 - 8:48am
Spending on services rose faster in nominal terms than spending on goods in April, but if you adjust for inflation, spending on goods rose twice as fast.
scott horsley
1 month ago: Friday May 27 - 8:44am
@kairyssdal Question for your Friday panel: Can Maverick deliver a soft landing? Do naval aviators even know what that means?
scott horsley
1 month ago: Friday May 27 - 8:43am
Personal income rose 0.4% last month while personal spending rose 0.9%. Prices -- according to the Federal Reserve's preferred measure -- were up 0.2% between March and April, and 6.3% over the last 12 months. https://t.co/RbqYnCpWu8
scott horsley
1 month ago: Thursday May 26 - 8:47am
New claims for unemployment benefits dipped slightly last week. The total number of people receiving jobless benefits continues to decline, to 1.3 million as of early May.
scott horsley
1 month ago: Thursday May 26 - 8:46am
Revised figures from the Commerce Department show the economy's hiccup in the first three months of the year was slightly larger than initially reported. GDP shrank at an annual rate of 1.5%, not 1.4%. Still mostly an inventory story. Consumer spending was stronger than thought.
scott horsley
1 month ago: Wednesday May 25 - 2:02pm
GDP is expected to grow by 3.1%, while inflation is projected to end the year around 6.7%. https://t.co/Udxb1fYf0j
scott horsley
1 month ago: Wednesday May 25 - 2:00pm
Congressional forecasters expect the federal deficit will shrink to $1 trillion this year, down from $2.8 trillion in 2021. Revenues as a share of the economy are the highest they've been in two decades. But that's not expected to continue in the years to come.
scott horsley
1 month ago: Tuesday May 24 - 4:29pm
The Federal Trade Commission is launching an inquiry into the infant formula shortage, including whether the government's own policies may have contributed to a highly concentrated and fragile supply chain. https://t.co/1kyYNta62a https://t.co/ACcMJ7BAte
scott horsley
1 month ago: Friday May 20 - 10:45am
@JessicaHornick @titonka Supreme Court exhibit A: flowers from Nina's garden https://t.co/Z2b6HvvRa4
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scott horsley
1 month ago: Friday May 20 - 10:02am
RT @bencasselman: When millions of older workers lost or left their jobs early in the pandemic, economists wondered how many of them would ever come back. Two years later, the “early retirement” narrative turns out to have been largely a myth. https://t.co/oMfIoROgUd
scott horsley
1 month ago: Thursday May 19 - 9:15am
New claims for unemployment benefits rose last week to 218,000. As of 30 April, some 1.37 million people were receiving some form of jobless aid -- a drop of 69,000 from the previous week.
scott horsley
1 month ago: Thursday May 19 - 5:56am
Formula for trouble: How the U.S. got into an infant formula mess - https://t.co/ACcMJ7BAte
scott horsley
1 month ago: Wednesday May 18 - 7:27pm
@_ShiraCohen shorsley@npr.org
scott horsley
1 month ago: Thursday May 12 - 5:16pm
Fed chairman Jerome Powell will continue to lead the fight against inflation, after winning Senate confirmation to a second term today. Powell talks about his battle plan with our friends @Marketplace. https://t.co/V0QCJnM9iQ
scott horsley
1 month ago: Thursday May 12 - 2:36pm
https://t.co/lfwiHPnhVp
scott horsley
1 month ago: Thursday May 12 - 10:37am
Home prices are soaring -- to levels that may be too high to sustain. Check out what's happening in your hometown. https://t.co/PIuzJWKUhc
scott horsley
1 month ago: Thursday May 12 - 8:57am
@tamarakeithNPR @RAYGUNshirts An acre-foot of NPR is 326,000 gallons of public radio--or enough to satisfy a typical family for one to two years.
scott horsley
1 month ago: Thursday May 12 - 8:55am
New claims for unemployment were little changed last week. 203,000 people applied for benefits. The total number of people receiving jobless aid continues to decline--to about 1.4 million as of 23 April.
scott horsley
1 month ago: Wednesday May 11 - 9:15pm
A great story from Rachel Wolfe @wsj about the people and process behind today’s inflation report. https://t.co/FK3mbSNtgD
scott horsley
1 month ago: Wednesday May 11 - 8:08pm
Economist Phillip Jefferson has been confirmed to a seat on the Federal Reserve’s governing board. The Senate vote was 91-7. A vote to confirm Jerome Powell to a second term as Fed chairman could come tomorrow.
scott horsley
1 month ago: Wednesday May 11 - 8:48am
The price of food, rent, airline tickets and new cars rose last month. The price of used cars fell.
scott horsley
1 month ago: Wednesday May 11 - 8:40am
Annual inflation dipped a bit last month, to a still high 8.3% (from 8.5% in March). A short-lived drop in gasoline prices helped, but gas prices have since rebounded to record highs. https://t.co/a7Yq1eQct8
scott horsley
1 month ago: Wednesday May 11 - 5:34am
New inflation numbers for April are due out this morning. An advisory panel suggests the government start reporting the uneven effects of price hikes on people at different income levels. https://t.co/a7Yq1eQct8
scott horsley
1 month ago: Tuesday May 10 - 8:59pm
A divided Senate confirmed Lisa Cook to the Federal Reserve board tonight, with Vice President Harris casting the tie-breaking vote. Cook will be the first African American woman to serve on the Fed’s governing board. https://t.co/Bcbu9RXC7S
scott horsley
1 month ago: Sunday May 8 - 3:46pm
RT @tamarakeithNPR: NPR’s @scottdetrow was there as @FLOTUS met with Ukraine’s First Lady…in Ukraine. It was a secret trip and the first public appearance by Olena Zelenska since the war began. https://t.co/BlyqwClZ4E
scott horsley
1 month ago: Saturday May 7 - 7:53pm
RT @NickTimiraos: The point of the story: “This is an institution from top to bottom that knows that the one great sin that will be remembered by everyone 50 years later is if you let inflation get out of control.” https://t.co/jfrzdpZr4S
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scott horsley
1 month ago: Friday May 6 - 8:40am
https://t.co/psu0xLa0Lc
scott horsley
1 month ago: Thursday May 5 - 8:52am
New claims for unemployment benefits rose slightly last week to 200,000 -- though this may be noise due to seasonal adjustments. (Un-adjusted claims were slightly lower.) The total number of people receiving some form of jobless aid as of mid-April dipped below 1.5 million.
scott horsley
1 month ago: Wednesday May 4 - 2:10pm
https://t.co/6hyUej2pXm
scott horsley
1 month ago: Wednesday May 4 - 6:26am
RT @gregorykorte: I don't claim any extraordinary foresight or expertise on constitutional law, but here's a quick thread on the day I saw this (draft) opinion overturning Roe v. Wade coming. It was 2018, and it was the only time I've ever covered Supreme Court decisions from the chamber....🧵
scott horsley
1 month ago: Tuesday May 3 - 5:56am
https://t.co/DFKRy5op8M
scott horsley
1 month ago: Monday May 2 - 9:29pm
RT @noahgcr: A few weeks ago we reported from the town of Borodyanka, a few hours northwest of Kyiv, days after it was liberated. I brought a roll of film, which just got developed. Here are a few glimpses -- of devastation, but also of incredibly resilient people trying to rebuild: https://t.co/OFqH2c4PJx
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scott horsley
2 months ago: Sunday May 1 - 7:39pm
@MarybethMahrer Afraid that’s my much younger colleague @scottdetrow in the pic. My face is every bit as weathered as my voice.
scott horsley
2 months ago: Friday Apr 29 - 9:32am
The Fed is also keeping a close eye on wages, which could fuel inflation. Wages in the first quarter were up 1.2% from the previous quarter, while overall compensation costs rose 1.4%.
scott horsley
2 months ago: Friday Apr 29 - 9:30am
The Commerce Department's measure of inflation (closely watched by the Fed) show prices in March were up 6.6% from a year ago. Excluding food and energy, prices were up 5.2%.
scott horsley
2 months ago: Friday Apr 29 - 9:28am
Personal spending rose 1.1% in March while personal income rose 0.5%. Americans spent more on services last month and less on stuff. Higher prices account for some of the increased spending.
scott horsley
2 months ago: Thursday Apr 28 - 9:01am
New claims for unemployment benefits dipped again last week to 180,000. As of 9 April, just 1.5 million people were receiving some form of unemployment aid. (A year earlier, it was 16.5 million.)
scott horsley
2 months ago: Thursday Apr 28 - 8:54am
Headline GDP was weighed down by a drop in inventories, exports, and government spending.
scott horsley
2 months ago: Thursday Apr 28 - 8:36am
GDP shrank at an annual rate of 1.4% in the first three months of the year. But it's not as bad as it looks. Personal consumption grew at an annual rate of 2.7%. And private investment grew at a 2.3% pace. https://t.co/KF5pZA30fP
scott horsley
2 months ago: Thursday Apr 28 - 5:28am
GDP figures out this morning are expected to show a sharp slowdown in economic growth -- perhaps even a contraction -- in the first three months of the year. But economists say that's not as worrisome as it sounds. https://t.co/KF5pZA30fP
scott horsley
2 months ago: Tuesday Apr 26 - 3:54pm
Two other central bank nominations are also waiting in the wings, including Philip Jefferson to a seat on the Fed's governing board and Jerome Powell's nomination for a second term as Fed chairman.
scott horsley
2 months ago: Tuesday Apr 26 - 3:53pm
The Senate voted to confirm Lael Brainard as Vice Chair of the Federal Reserve. But confirmation of a second Fed nominee, Lisa Cook, is on hold for now because two Senate Democrats tested positive for COVID, and Cook is likely to need support from all 50 Democrats to advance.
scott horsley
2 months ago: Thursday Apr 21 - 2:51pm
The Federal Reserve raised interest rates by 1/4 percentage point at its last meeting. And with inflation running 3-4 times the central bank's target, Fed chairman Jerome Powell says a half-point rate hike is definitely on the table at the next meeting in two weeks. https://t.co/kkCRIgjEKf
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scott horsley
2 months ago: Thursday Apr 21 - 2:27pm
The pandemic and the war in Ukraine have strained but not yet broken economic ties linking countries around the world. https://t.co/aYdUxUowFZ
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scott horsley
2 months ago: Thursday Apr 21 - 8:56am
New claims for unemployment benefits fell slightly last week to 184,000. As of 12 April, 1.6 million people were receiving some form of jobless aid. That's down nearly 91% from the 17.4 million people who were receiving unemployment benefits a year earlier.
scott horsley
2 months ago: Wednesday Apr 20 - 5:12pm
RT @nprpolitics: Janet Yellen and other finance ministers walk out of G20 meeting as Russia speaks https://t.co/gkrTjF2EKM
scott horsley
2 months ago: Friday Apr 15 - 9:53am
I see I'm not the first to raise this question. https://t.co/rpTWo0klLI
scott horsley
2 months ago: Friday Apr 15 - 9:52am
I liked this Politico explainer about cheeseburger inflation but found myself asking, "what's the egg doing in there?" https://t.co/MnxnB6Nwqq
scott horsley
2 months ago: Thursday Apr 14 - 10:27am
The average rate on a 30-year fixed mortgage has reached 5%, according to Freddie Mac, the highest since February 2011. A year ago, the average rate was just over 3%. https://t.co/se4grxPZfT
scott horsley
2 months ago: Thursday Apr 14 - 9:59am
@kelsey_snell Same. This may also explain the lawn mower sound in the background of my radio reports today.
scott horsley
2 months ago: Thursday Apr 14 - 9:58am
Some of the sales gains reflect a real increase, though, including sales at restaurants, clothing stores, and electronics stores.
scott horsley
2 months ago: Thursday Apr 14 - 9:56am
Last month's sales increase primarily reflects higher prices rather than people buying more stuff. Increased spend at gas stations was only about half the size of last month's gasoline price hike, suggesting people are driving less. Similar but smaller drop in real grocery sales.
scott horsley
2 months ago: Thursday Apr 14 - 8:53am
New claims for unemployment benefits rose slightly last week to a still-low 185,000. As of 26 March, 1.7 million people were receiving some form of jobless aid.