Companies should prioritize objective economic data over headlines when making decisions during uncertain times. As economic issues evolve, firms should adjust which indicators they monitor to inform both short-term operational choices and long-term strategic planning. Shifts in inflation, labor market dynamics, consumer demand, and fiscal policy require different datasets and more granular, timely measures than earlier in the year. Regularly revising data priorities and scenario planning improves resilience and enables more accurate resource allocation. Institutional knowledge and expertise in economic policy and research support interpretation of indicators and alignment with firm objectives.
In March, we told you to stay focused on objective economic data, rather than the headlines, in order to make the best decisions for your company amid uncertainty. That is still true. But as the issues facing the economy have changed in the last six months, it is important to adjust what data your firm is looking at as you plan for both the short and long term.
is the Executive Director and Co-Founder of the Budget Lab at Yale. She has worked in economic policy and research in the executive branch, the legislative branch, the private-sector, and in philanthropy. Previously she was a Senior Advisor at the White House Council of Economic Advisers, Director of Economic Research at Indeed.com, Senior Manager of Economic Research at Schmidt Futures, Senior Economist and Research Director at Congress's Joint Economic Committee, and a Senior Policy Advisor to the Secretary of Labor.
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