US Economy Team Leader at Bloomberg News | opinions are my own | [email protected] or @readepickert on Instagram
Washington, DC
Joined October 2011
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Reade Pickert retweeted
Consumer price indexes, jobs numbers and sentiment surveys, oh my! Is US economic data keeping up with 2026’s vibes? @sarahsholder @readep and @keds_economist dig into it on the Big Take podcast.
🎙️ Listen now: link.podtrac.com/3mw4ygxn
Reade Pickert retweeted
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
Reade Pickert retweeted
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/…
Reade Pickert retweeted
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
Reade Pickert retweeted
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/…
Reade Pickert retweeted
"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/…
Reade Pickert retweeted
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
Reade Pickert retweeted
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.
Reade Pickert retweeted
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/…
Reade Pickert retweeted
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. 🧵
Reade Pickert retweeted
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.
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Reade Pickert retweeted
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)
--->
Reade Pickert retweeted
Inspiring breakout sessions this morning at our #IWDForum. Learning about piecing together childcare solutions with @readep alongside amazing leaders at @Upwardsdotcom, @Chobani, and @MomsFirstUS.
Reade Pickert retweeted
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
Reade Pickert retweeted
🧵: Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math
My latest with @readep for @BBGVisualData
🎁🔗: bloomberg.com/graphics/2023-…
Reade Pickert retweeted
Since 2020, US groceries are up 25%, used cars climbed 35% and rents roughly 20%. In 2020, a survey showed a 4-person household spent an average of $238.32 in a week on food at home. A similar survey in 2023 showed that figure had jumped 32% to $315.22 bloomberg.com/graphics/2023-…
Reade Pickert retweeted
From the Bloomberg article, “Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math.”
#economy #inflation #inequality #econtwitter @economics @markets
Reade Pickert retweeted
Want to know why Americans are grumpy about the economy?
The cost of living crisis is real. My @business @economics colleagues ran the numbers.
bloomberg.com/graphics/2023-…
Reade Pickert retweeted
US employment unexpectedly surged in September by the most since the start of the year, illustrating a durable labor market and bolstering the case for another Federal Reserve interest-rate hike. bloomberg.com/news/articles/… via @economics @readep
Reade Pickert retweeted
I'm about to host the late night talk show of my dreams.
The Businessweek Show is about money and power and culture. Our guests are Cornel West, Theaster Gates, Nadia Murad, Zaila Avant-garde, Chip Wilson and many more.
We debut next Thursday, October 12th. The trailer is here!