UNDERNEWS: Economy

July 27, 2025

Economy

Axos - The U.S. economy is about to enter one of the busiest weeks economists have ever seen,

GDP: The economy shrank in the first quarter because of tariffs, even as underlying figures pointed to healthy activity. Expect the opposite dynamic in the Q2 GDP report out Wednesday.
Jobs: New data will be released on job vacancies, layoffs and quits (Tuesday) and private sector hiring (Wednesday) — all leading up to the all-important July government payroll report (Friday).
Inflation: The Fed, under immense pressure from the White House to cut interest rates, is widely expected to keep rates steady on Wednesday. The central bank's preferred measure of inflation, alongside spending and income figures, will come out Thursday. Keep reading.

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ABOUT THE EDITOR

The Review is edited by Sam Smith, who covered Washington under nine presidents, has edited the Progressive Review and its predecessors since 1964, wrote four books, been published in five anthologies, helped to start five organizations (including the DC Humanities Council and the DC Statehood Party), was a plaintiff in three successful class action suits, served as a Coast Guard officer, and played in jazz bands for four decades.

A truly independent journalist with his feet firmly grounded in the reality of neighborhoods and everyday people. -- Patrick Mazza, Progressive Populist

A truly original voice in American journalism: humorous and plain spoken and filled with common sense -- Jay Walljasper, Utne Reader

Inimitable -- Mother Jones Magazine

Sam's a cynical cat -- Marion Barry

Sam's one of the few independent voices left. The press today is either extreme or special interest or else just establishment, an extension of the corporate spirit -- Sen. Eugene McCarthy,

One of a small group of whites with whom many blacks would trust their political lives - Chuck Stone, Washingtonian.

A reputation for wit, intelligence and anger. -- Claude Lewis, Chicago Tribune

Smith is an island of reason and information in a sea of narcissistic blather. -- City Paper, Washington

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