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. 🌐
The US spends over a sixth of our GDP on healthcare, far more than other similar countries.
America wasn’t always such an outlier, though – back in 1970, we had more similar spending levels.
America wasn’t always such an outlier, though – back in 1970, we had more similar spending levels.
November 11, 2025 at 6:50 PM
The US spends over a sixth of our GDP on healthcare, far more than other similar countries.
America wasn’t always such an outlier, though – back in 1970, we had more similar spending levels.
America wasn’t always such an outlier, though – back in 1970, we had more similar spending levels.
Consumer sentiment is at its second-lowest level ever – the only time Americans felt worse was during the 2022 inflation.
My @Morning_Joe Chart
My @Morning_Joe Chart
November 11, 2025 at 2:47 PM
Consumer sentiment is at its second-lowest level ever – the only time Americans felt worse was during the 2022 inflation.
My @Morning_Joe Chart
My @Morning_Joe Chart
Since May, Republican inflation expectations have climbed while Democrats' have dropped.
November 7, 2025 at 3:21 PM
Since May, Republican inflation expectations have climbed while Democrats' have dropped.
Consumer sentiment dropped for the fourth month in a row in November.
November 7, 2025 at 3:17 PM
Consumer sentiment dropped for the fourth month in a row in November.
Announced job cuts rose to 153,074 in October, the highest level for the month in 22 years.
November 6, 2025 at 5:50 PM
Announced job cuts rose to 153,074 in October, the highest level for the month in 22 years.
The long-term unemployment rate is at its highest level since 2016 — a sign of labor market weakness.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:21 PM
The long-term unemployment rate is at its highest level since 2016 — a sign of labor market weakness.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
The unemployment rate for 20- to 24-year-olds is 9.2%, its highest level since 2016.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:20 PM
The unemployment rate for 20- to 24-year-olds is 9.2%, its highest level since 2016.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
The average first-time homebuyer age in 2025 was 40 years old. That must have a huge negative impact on young Americans’ view of the economy.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:20 PM
The average first-time homebuyer age in 2025 was 40 years old. That must have a huge negative impact on young Americans’ view of the economy.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
Americans are still experiencing sticker-shock when it comes to housing, with mortgage payments about double pre-covid levels.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:19 PM
Americans are still experiencing sticker-shock when it comes to housing, with mortgage payments about double pre-covid levels.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
Since 2019, real personal spending has only increased for the top fifth of earners — that’s one reason why Americans don’t think their finances are improving.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:19 PM
Since 2019, real personal spending has only increased for the top fifth of earners — that’s one reason why Americans don’t think their finances are improving.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
Trump’s economic approval rating is even worse than his overall approval rating. That’s a reversal from his first term, when the economy was his relative strength.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:18 PM
Trump’s economic approval rating is even worse than his overall approval rating. That’s a reversal from his first term, when the economy was his relative strength.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
New Jersey Governor-elect Mikie Sherrill campaigned on a promise to use a state of emergency to freeze electricity costs for a year, as NJ residential electricity price inflation hit 25% in June.
November 5, 2025 at 8:56 PM
New Jersey Governor-elect Mikie Sherrill campaigned on a promise to use a state of emergency to freeze electricity costs for a year, as NJ residential electricity price inflation hit 25% in June.
According to ADP, the US added 42K private payrolls in October, slightly higher than expected.
November 5, 2025 at 5:53 PM
According to ADP, the US added 42K private payrolls in October, slightly higher than expected.
Five times as many New Yorkers voted early in this mayoral election compared to the previous one.
cc: @gothamist.com
cc: @gothamist.com
November 3, 2025 at 8:57 PM
Five times as many New Yorkers voted early in this mayoral election compared to the previous one.
cc: @gothamist.com
cc: @gothamist.com
Nearly a fifth of American households with children rely on SNAP to buy groceries.
cc: @washingtonpost.com
cc: @washingtonpost.com
October 31, 2025 at 5:54 PM
Nearly a fifth of American households with children rely on SNAP to buy groceries.
cc: @washingtonpost.com
cc: @washingtonpost.com
This weekend, 12% of Americans are set to lose crucial food assistance due to the govt shutdown — the majority of them are children or elderly.
Cc:
@washingtonpost.com
Cc:
@washingtonpost.com
October 31, 2025 at 5:54 PM
This weekend, 12% of Americans are set to lose crucial food assistance due to the govt shutdown — the majority of them are children or elderly.
Cc:
@washingtonpost.com
Cc:
@washingtonpost.com
Here’s a scary picture for this Halloween
October 31, 2025 at 5:04 PM
Here’s a scary picture for this Halloween
If it seems like your Halloween candy is a lot more expensive this year, it’s not just you — candy inflation is at 9.8%, with prices 44% above 2019 levels.
October 30, 2025 at 5:45 PM
If it seems like your Halloween candy is a lot more expensive this year, it’s not just you — candy inflation is at 9.8%, with prices 44% above 2019 levels.
The Fed cut rates by 25bps for the second month in a row, as expected.
October 29, 2025 at 6:06 PM
The Fed cut rates by 25bps for the second month in a row, as expected.
Some optimism from Bill Gates’s latest note — between 2014-2024, innovation led to a 40% cut in projected emissions. Fingers crossed the Trump will not succeed in reversing this progress.
October 29, 2025 at 5:33 PM
Some optimism from Bill Gates’s latest note — between 2014-2024, innovation led to a 40% cut in projected emissions. Fingers crossed the Trump will not succeed in reversing this progress.
Consumer confidence dropped slightly in October, hitting its lowest level since April.
October 28, 2025 at 2:02 PM
Consumer confidence dropped slightly in October, hitting its lowest level since April.
An important chart from @washingtonpost.com on energy costs – generation has become cheaper, but the cost of delivering energy to consumers across the grid has more than doubled.
October 27, 2025 at 4:47 PM
An important chart from @washingtonpost.com on energy costs – generation has become cheaper, but the cost of delivering energy to consumers across the grid has more than doubled.
CPI inflation rose to 3% in September, slightly undershooting expectations.
Inflation has increased every month since April.
Inflation has increased every month since April.
October 24, 2025 at 12:35 PM
CPI inflation rose to 3% in September, slightly undershooting expectations.
Inflation has increased every month since April.
Inflation has increased every month since April.
Gold price growth is correlated with uncertainty. That’s because it’s considered to be a safe and stable asset.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
October 23, 2025 at 4:13 PM
Gold price growth is correlated with uncertainty. That’s because it’s considered to be a safe and stable asset.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
One factor behind the recent gold rally is central banks stocking up on gold, first in response to the West freezing Russian assets in 2022, then in reaction to Trump’s economic chaos.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
October 23, 2025 at 4:13 PM
One factor behind the recent gold rally is central banks stocking up on gold, first in response to the West freezing Russian assets in 2022, then in reaction to Trump’s economic chaos.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart