The natural rate of interest is the inflation-adjusted interest rate consistent with the economy operating at full capacity. Although this rate helps gauge the economy’s health, empirical estimates of it are imprecise and volatile. A medium-run measure that focuses on responsiveness to persistent economic factors while removing short-term volatility may provide more reliable guidance. Analysis suggests that monetary policy using this measure could stabilize inflation and achieve maximum employment more effectively than standard benchmarks. Current medium-run estimates suggest that monetary policy is accommodative, although uncertainty around this estimate remains high.

Source: frbsf.org

U.S. sanctions have pushed Cuba’s tourism industry to near zero, leaving hotels empty, 25,000 workers jobless and everyday Cubans struggling to afford food. NBC News’ Ed Augustin reports from Havana.

Source: nbcnews.com

Welcome to The Hill’s Business & Economy newsletter{beacon} Business & Economy Business & Economy   The Big Story  Californians divided over billionaire tax A recent…

Source: thehill.com

Industrial output and retail sales slump in July after one of the country’s weakest quarterly growth rates ever

Source: theguardian.com

Andrey Klepach, one of Russia’s top economists, has been replaced as the chief economist of the country’s national development bank.

Source: cnn.com

Source: cbsnews.com

Several vessels are berthed at the Port, marking the first time in years that every marine terminal is occupied.

Source: bellinghamherald.com

Conde Nast Traveler says providing better economy service on certain flights is a trend, and here are its top picks for doing so.

Source: seattletimes.com

Fueled by the artificial intelligence boom, San Francisco and its suburbs are quickly becoming the hottest housing market in the country.

Source: cnn.com

The manosphere and influencers like Andrew Tate are motivated by profit, not politics, a new report argues.

Source: fortune.com

Goldman says consumer spending growth could fall as low as 1% as tax refunds dry up & Americans feel the pressure to cut back from higher oil prices.

Source: businessinsider.com

Wages are losing ground to rising prices even as GDP grows and stocks climb. The workers left behind aren’t showing up in the data that drives policy

Source: qz.com

President Trump’s treasury secretary says low-income workers are making out. New York data shows otherwise.

Source: thecityreporter.nyc

The strikes have shaken the empire founded by Tatyana Kim, the country’s richest female entrepreneur, whose fortune was an estimated $8.1 billion before the strikes began.

Source: pbs.org

A new poll shows Democrats with a six-point advantage over Republicans on the economy two months away from the midterm elections.  The survey, helmed by the Financial Times and conducted by FocalDa…

Source: thehill.com