All writers

Courtenay Brown

www.axios.com
30
articles (90 days)

Recent articles

Americans keep spending while "grumbling" about the economy
Data: U.S. Census Bureau; Chart: Courtenay Brown/AxiosThe list of headwinds facing American consumers keeps getting longer. Yet their willingness to spend has not yet cracked.Why it matters: Econom...
www.axios.com
Trump imposes 25% tariffs on Brazilian goods
The Trump administration said Wednesday it will impose an additional 25% tariff on many Brazilian goods, escalating a trade fight it says is rooted in Brazil's treatment of U.S. companies.Why it ma...
www.axios.com
Warsh: AI spending may lift prices without fueling lasting inflation
Federal Reserve chairman Kevin Warsh said on Wednesday that the AI investment boom will likely raise prices over the next year, but argued that those increases might not automatically be inflationa...
www.axios.com
Accidental stimulus: the economy's tariff refund cushion
Data: U.S. Treasury Monthly Treasury Statement (net customs duties); Chart: Courtenay Brown/AxiosCorporate America is getting an accidental stimulus. Billions of dollars collected through court-inv...
www.axios.com
The K-shaped economic divide might be narrowing
For years, the economy has looked K-shaped. There's new evidence that some of that divide is beginning to narrow. The wage-growth gap between lower- and middle-income workers has disappeared — with...
www.axios.com
Trump threatens trade with Spain
Data: FactSet; Chart: Matt Phillips President Trump's threat to "cut off all trade" with Spain was immediately a market event — at least in Europe.Why it matters: Well into Trump's second term, for...
www.axios.com
Jobs report gives labor market a yellow card
The job market entered the summer with less momentum than looked to be the case just a month ago.Why it matters: Call it a yellow card for the labor market. Thursday morning's employment report doe...
www.axios.com
Trump's Supreme Court wins hit one wall: the economy
The Supreme Court this term gave President Trump powers over the federal government that no modern president has held. But it blocked his administration on two of the biggest issues for markets: th...
www.axios.com
The AI boom's historical warning
Data: BIS; Chart: Danielle Alberti/AxiosToday's AI buildout resembles earlier technological revolutions and capital booms that ended in painful busts.That's the new warning from the Bank for Intern...
www.axios.com
2 Supreme Court rulings treat the Fed as an exception
The Federal Reserve is different. That's the upshot of the Supreme Court's rulings Monday morning.Why it matters: President Trump can't fire Fed governor Lisa Cook for now, a 5-4 court majority hel...
www.axios.com
Supreme Court says Trump can't fire Fed governor Lisa Cook
The Supreme Court said Monday that President Trump could not fire Federal Reserve governor Lisa Cook, a blockbuster ruling that limits the president's influence on the central bank. Why it matters:...
www.axios.com
The AI price shock is here: Apple, Microsoft hike prices
People spend a lot of time on their devices. The AI boom means they will also be spending more for them.Why it matters: The enormous sums of money going into the AI race are driving up costs for re...
www.axios.com
Americans are still shopping, despite climbing energy costs
Income growth is accelerating — supporting consumer spending — while inflation is rising even beyond the energy-price shock.Why it matters: That combination, shown in new data out Thursday morning,...
www.axios.com
Homegrown U.S. economic strategy is the right path: Treasury Secretary Bessent
In a speech in New York on Tuesday night, Treasury Secretary Scott Bessent said that a long-running bet on cheaper goods and deeper economic integration making America richer and safer had failed.W...
www.axios.com
10 years since Brexit, and the results are in
Data: Factset; Chart: Danielle Alberti/AxiosBrexit is the real-world test of what happens when a major economy voluntarily raises trade barriers, restricts the free flow of workers and generates ye...
www.axios.com
The U.S. labor market's quiet upgrade
For the first time in years, data revisions could end up adding jobs to the official U.S. tally rather than erasing them.Why it matters: Early indicators point to a labor market that might be stron...
www.axios.com
Trump says he "would rather not have" his North American trade deal
President Trump on Wednesday said that he would "rather not have" the North American trade agreement that was negotiated during his first term.Why it matters: The free trade pact that binds North A...
www.axios.com
What a U.S.-Iran peace deal could mean for energy, inflation
The prospect of a reopened Strait of Hormuz and a pending U.S.-Iran peace deal could help ease the big inflation risk hanging over Kevin Warsh's first Federal Reserve meeting as chairman."Ships are...
www.axios.com
Exclusive: Wall Street embraces crypto it once feared
Traditional financial firms are rapidly embracing crypto, marking a turning point for an industry that once viewed digital assets as a threat.Why it matters: A long-running rivalry between Wall Str...
www.axios.com
There are early signs of renewed labor market strength during Iran war
The 1970s oil-shock playbook needs an update: The inflation costs remain, but the employment risks appear far smaller than they did 50 years ago.Why it matters: As the Iran war continues, there are...
www.axios.com
New forecasts lay out 2 rocky paths for global economy
The Iran war has divided the global outlook into two tracks:A modest slowdown if the conflict ends soon or a severe hit, with some economies near recession, if it drags on and the disruption deepen...
www.axios.com
America has a muddled recovery in manufacturing
Data: Institute for Supply Management via FactSet; Chart: Courtenay Brown/AxiosThis is the chart that White House economic officials want you to see: A closely watched industry survey suggests a lo...
www.axios.com
Fed officials warn AI's economic costs may arrive faster than benefits
Don't count on AI to solve America's inflation problem: That's the message from several Federal Reserve officials who warn that the promise of an AI-fueled productivity boom might not justify cheap...
www.axios.com
Rock-bottom immigration rates leave mark on U.S. economy
President Trump's immigration crackdown is causing one of the sharpest slowdowns in U.S. population growth in decades. Economists are beginning to tally the effects, with some warning that the dama...
www.axios.com
Americans are spending faster than their income is growing
Data: Bureau of Economic Analysis; Chart: Axios VisualsAmericans are burning through their financial cushion at an accelerating pace, spending faster than their income is growing, as the energy sho...
www.axios.com
A tale of two consumer sentiment gauges
Data: The Conference Board; Chart: Courtenay Brown/AxiosConsumer confidence soured in early May, according to the Conference Board, though the reading shows a far less bleak economic mood than its ...
www.axios.com
Most Fed officials see rate hikes if inflation stays high, minutes show
A "majority" of Federal Reserve officials believed the central bank could raise interest rates if inflation stays high, according to the minutes from the central bank's April 28-29 policy meeting. ...
www.axios.com
Battles to shrink the Federal Reserve's balance sheet begin
Data: Federal Reserve; Chart: Neil Irwin/AxiosIncoming Federal Reserve chief Kevin Warsh's ambition to shrink the central bank's multitrillion-dollar bond portfolio may quickly run into hard limits...
www.axios.com
How global economic imbalances resemble an ancient parable
The global economy faces the types of massive imbalances that preceded previous crises — despite important differences — and it's not yet clear how this debt cycle will end.Why it matters: The last...
www.axios.com
After a year of whiplash, U.S. jobs market is stabilizing
Data: Bureau of Labor Statistics; Chart: Neil Irwin/AxiosThe U.S. labor market has found its footing: A yearlong pattern of whipsawing between job gains and losses is finally breaking, a sign that ...
www.axios.com