Reade Pickert

Thrilled to announce I will be starting as team leader of Bloomberg’s US Economy team next month! I’m excited to work with such a talented group of reporters and editors to cover all the twists and turns the economy may face over the coming years. Cheers to a new adventure!

Are you worried about being able to pay your monthly bills? As US household debt continues to rise, Bloomberg reporters want to hear how you are managing living expenses: bit.ly/4dWJL1j

New: Trump's Small Business Administration sent termination notices to probationary workers, then emailed to say they'd been "sent in error," then emailed workers the next day to say they were fired after all Unpaywalled link: bloomberg.com/news/articles/…

The Federal Reserve's dot plot is one of the most closely scrutinized charts in financial markets. @nicolesyLIVE explains why—and shows you how to read between the dots trib.al/bUykBJc

biggest story of my career! 📢 US agencies that produce vital economic data are struggling in the face of shrinking budgets. and they're under threat again as trump returns to the white house with a promise to slash federal spending bloomberg.com/news/articles/…

"Did I take money from the devil? What did I sign up for?” Defaults in a Fed pandemic program are surging as businesses struggle to to pay back Main Street Lending Program loans amid rising interest rates and large balloon payments. bloomberg.com/news/features/…

Join us at 12:30PM EST TODAY for a conversation with @TheAmaraReport @endacurran & @michaellachlan to unpack the Fed's latest decision, dive into Chair Powell's press conference and talk about what the election means for the economy. Listen live here: bloomberg.com/sessions/2024-…

The happiest life update 🤍

Cowboy hats, a taxidermy bear and Jerome Powell. @readep gives us a look behind the scenes of the Kansas City's Fed's annual conference in Jackson Hole, Wyoming trib.al/dbzlRDY

After four years covering the US Treasury, and lapping the globe a few times with a history-making secretary, I'm now shifting to a new role at Bloomberg, managing our coverage of the Federal Reserve as an editor. Luckily, we have the best team of Fed reporters in the land.

Americans are still spending, but there are growing signs the strong consumer firepower of recent years is fading. Among the reasons: The roughly $2 trillion in extra savings people stockpiled during the pandemic is now gone. via me & @LouKCurtis bloomberg.com/news/articles/…

The number of Americans voluntarily working part time hit a record high this year, thanks in part to women — particularly mothers — benefiting from the pandemic-driven rise in flexible work arrangements via @catarinasaraiva bloomberg.com/news/articles/…

Professional news: I’m joining @business in a few weeks to cover the Federal Reserve and U.S. economy. I’m grateful to get back to reporting at this important time for the economy, and in a newsroom that’s already made me valued and welcome. 🧵

Big picture for Fed: 1) June interest rate cut is looking doubtful; 2) 3 cuts in 2024 is likely too many, maybe 2 now? 3) Several more CPI & PCE reports before June or July, so early to be sure how things will play out; 4) The November election could complicate timing of cuts.

PAPER SOLDIERS is out today! Check out what @JoshuaGreen said about it (sure, he's a colleague, but I swear I didn't bully him into this lovely blurb) --->

Perhaps the most surprising element of the last CPI report was an unusual jump in a key housing metric called OER. But things got even more confusing after learning BLS sent an email to so-called "super users" this week with more details on it w/ @boes_ bloomberg.com/news/articles/…

Inspiring breakout sessions this morning at our #IWDForum. Learning about piecing together childcare solutions with @readep alongside amazing leaders at @Upwardsdotcom, @Chobani, and @MomsFirstUS.

Some Federal Reserve officials seem to be setting a new bar for interest-rate cuts: a broader pullback in price pressures (via @SteveMatthews12 & @RichMiller28) bloomberg.com/news/articles/…

Animal shelters across the US are overwhelmed and overflowing. Return-to-office mandates, heightened pet costs and landlord restrictions have helped drive a 22% jump in stray dogs in US shelters since 2021 via @SteveMatthews12 & @diana_k16 bloomberg.com/news/articles/…

Goldman Sachs economists revise their outlook for the Federal Reserve in 2024, now anticipating a faster and steeper set of interest-rate cuts startiing in March. bloomberg.com/news/articles/… via @markets @AnsteyEco @economics