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Bloomberg Marketsglobal

US Economy Grows Most in a Year on Strong Spending, Investment

Bloomberg Markets
Thursday, October 29, 2026 at 8:10 PM
~4 min read
InflationTrade

Original Report

Kevin Gordon, Schwab head of Macro Research & Investing, said that the public's negative perception of the economy that is driven by fears about AI and the labor market are an 'interesting...

Kevin Gordon, Schwab head of Macro Research & Investing, said that the public's negative perception of the economy that is driven by fears about AI and the labor market are an 'interesting divergence' from the picture the economic data is painting. Gordon, talking at the Schwab IMPACT summit, said that he thinks inflation will be 'pretty sticky' between the ongoing conflict in the MidEast and the lingering impact from tariffs. (Source: Bloomberg)

Glass House Analysis

Labor market conditions shape the lived experience of millions of working families. When jobs are plentiful, workers have leverage to demand better wages and conditions; when they're scarce, the balance of power shifts to employers. This dynamic plays out daily in kitchen tables across America, where families make decisions about whether to ask for a raise, change jobs, or accept less-than-ideal conditions out of necessity.

International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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