Peter Morici

Posted May 19, 2015

President Obama has proclaimed Hillary Clinton an effective Secretary of State. All along, it must have been the plan for Russia to seize the eastern Ukraine, Beijing to build airstrips and assert sovereignty over international shipping lanes in the South China Sea, and Iran to have nuclear weapons capabilities.

Posted May 05, 2015

Tuesday, the Commerce Department is expected to report the March deficit on international trade in goods and services was $42 billion, up from $37.8 billion in February.

Posted April 29, 2015

In this century, economic growth has averaged 1.9 percent per yeardown from the 3.4 percent the prior two decadesand anemic growth is a major force squeezing wages, the middle class and working poor.

Posted April 28, 2015

Federal Reserve policymakers meet Tuesday to consider when to raise interest rates, but the strong dollar and inflation risks put them between a rock and a hard place.

Posted April 22, 2015

Investors in securities markets are now strongly betting the Federal Reserve wont raise interest rates in June, but the million dollar question is will the Fed ever be able to raise interest rates again?

Posted April 21, 2015

Congress should deny President Obama authority to negotiate yet another jobs killing trade pact in the Pacific.

Posted April 14, 2015

Politicians have manipulated the income tax to salve voter angst about fairness but in the process are destroying the work ethic and corrupting public judgement about the appropriate limits of government

Posted April 07, 2015

The nuclear deal with Iran will prove unenforceable. Ultimately, Tehran will become the dominant economic and military power in the Middle East and if it chooses, build nuclear weapons.

Posted April 04, 2015

The Labor Department reported the economy added 126,000 jobs in March, less than half the pace of the past four months.

Posted April 02, 2015

Friday, the Labor Department is expected to report the economy added 247,000 jobs in March down from 295,000 in February and 324,000 during the fourth quarter.

Posted April 01, 2015

March Madness, baseball and flowers. Spring in America would be so grand without income taxes and the headaches of filing on April 15.

Posted March 26, 2015

The Federal Reserve will likely raise interest rates later this year, and foreign central bank policies may compel it to sell off Treasury and mortgage-backed securitiesreversing Quantitative Easing.

Posted March 24, 2015

Western valuesnational self-determination, basic human rights and free markets, supplemented by a compassionate stateare under attack by the rise of China, Russian aggression and ISIS and al Qaeda.

Posted March 23, 2015

Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist a= t the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.

Posted March 16, 2015

Peter Morici is a professor at the University of Maryland Smith School of Business and former Chief Economist at the U.S. International Trade Commission.

Posted March 12, 2015

The Federal Reserve economic policy committee meets next week to consider whether to open the door to raising interest rates in June. Falling unemployment favors higher rates but weighing in the opposite direction, inflation remains well below the Fed target of 2 percent.

Posted March 10, 2015

The job market has improved, but only momentarily, and it wont force the Federal Reserve to raise interest rates in June.

Posted March 09, 2015

Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.

Posted March 06, 2015

To listen to President Obama, the U.S. economy is firing on all cylinders. Yet it is hardly creating jobs at a breakneck pace, and too many able-bodied men have grown lazy and show no interest in working.

Posted March 04, 2015

Most Americans never wanted the Affordable Care Act. A recent Gallup poll found 56 percent disapprove of the law, and more than 30 states either have not set up exchanges or failed to establish a fully workable website.