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Policy and Government

Director Kudlow: The market is worried that pro-growth policies could be overturned after the midterms.

Foreign buying of U.S. treasuries softens.

Allan Golombek: Those who do well for themselves do well for society.

The New York Fed’s Liberty Street Economics explains its current DSGE model prediction of 3.1% GDP growth (up from 2.3% in July) due to higher productivity growth and accommodative monetary policy.

Monetary

What a $558K bottle of wine says about the Fed’s fears of inflation.

Tax

Director Kudlow: We are working on a new tax cut for the middle class.

Photo Credit: Gage Skidmore