Unexpected Shocks and the US Economy — April 27, 2026

Are Bubbles Bad for Everyone? — June 22, 2026

Join Antony Davies, director of economic research at CFC, as he looks at the historical fallout of tech-based market bubbles. Sources: * What’s driving stock market returns? | J.P. Morgan Asset Management [https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/whats-driving-stock-market-returns/] * Alphabet Inc. (GOOGL) PE Ratio History & Chart Since 2004 [https://wallstreetnumbers.com/stocks/googl/pe-ratio?utm_source=chatgpt.com] * AMZN PE Ratio History & Chart Since 2003 [https://wallstreetnumbers.com/stocks/amzn/pe-ratio?utm_source=chatgpt.com] * Apple Inc. (AAPL) PE Ratio History & Chart Since 1984 [https://wallstreetnumbers.com/stocks/aapl/pe-ratio?utm_source=chatgpt.com] * META PE Ratio History & Chart Since 2013 [https://wallstreetnumbers.com/stocks/meta/pe-ratio?utm_source=chatgpt.com] * MSFT PE Ratio History & Chart Since 1986 [https://wallstreetnumbers.com/stocks/msft/pe-ratio?utm_source=chatgpt.com] * NVDA PE Ratio History & Chart Since 1999 [https://wallstreetnumbers.com/stocks/nvda/pe-ratio?utm_source=chatgpt.com] * Tesla, Inc. (TSLA) PE Ratio History & Chart Since 2020 [https://wallstreetnumbers.com/stocks/tsla/pe-ratio?utm_source=chatgpt.com] Contact the Economic & Market Watch team at economicresearch@nrucfc.coop [economicresearch@nrucfc.coop].  * Read the transcript for this episode. [https://cfcsolutions.transistor.fm/episodes/are-bubbles-bad-for-everyone-june-22-2026/transcript] * Subscribe to the podcast. [https://cfcsolutions.transistor.fm/subscribe] * Sign up for the newsletter. [https://cloud.marketing.nrucfc.coop/newsletters] Visit us, download the dashboard and intelligence brief and explore other Solutions media on our website, nrucfc.coop/Solutions [https://www.nrucfc.coop/solutions].

Reliability in a Rapidly Changing Economy — June 15, 2026

Join CFC researchers Sam Kem, Alisha Pinto and Chris Whittle as they discuss CFC's new issue brief, "Considerations for a Changing Grid: How Are Cooperatives Ensuring Electric Reliability?"  * Download the brief. [https://www.nrucfc.coop/content/dam/solutions/documents/issue-brief-considerations-for-a-changing-grid.pdf]  * Read the transcript for this episode.  [https://cfcsolutions.transistor.fm/episodes/reliability-in-a-rapidly-changing-economy-june-15-2026/transcript] For questions and requests about industry research topics, please contact utilityresearchpolicy@nrucfc.coop [utilityresearchpolicy@nrucfc.coop]. Contact the Economic & Market Watch team at economicresearch@nrucfc.coop [economicresearch@nrucfc.coop]. * Subscribe to the podcast. [https://cfcsolutions.transistor.fm/subscribe] * Sign up for the newsletter. [https://cloud.marketing.nrucfc.coop/newsletters] Visit us, download the dashboard and explore other Solutions media on our website, nrucfc.coop/Solutions [https://www.nrucfc.coop/content/solutions/en/stories/economy/economic---market-watch.html].

Rural America's Ace in the Hole — June 8, 2026

Join Antony Davies, director of economic research at CFC, as he explains how conditions in each state are affecting population size and potential economic growth.   Sources: * GDP (Second Estimate) and Corporate Profits, 1st Quarter 2026 [https://www.bea.gov/news/2026/gdp-second-estimate-and-corporate-profits-1st-quarter-2026] * Population Decline in the US by State [https://nchstats.com/population-decline-in-the-us/] * 2024: PUB Public Sector Annual Surveys and Census of Governments [https://data.census.gov/table/GOVSTIMESERIES.GS00LF01?q=Local+Government+Finances&g=010XX00US,$0400000&nkd=AGG_DESC~LF0089,GOVTYPE~001,time~2023&tableFilters=GEO_ID~VALUES(0400000US01:0400000US02:0400000US04:0400000US05:0400000US06:0400000US08:0400000US09:0400000US10:0400000US12:0400000US13:0400000US15:0400000US16:0400000US17:0400000US18:0400000US19:0400000US20:0400000US21:0400000US22:0400000US23:0400000US24:0400000US25:0400000US26:0400000US27:0400000US28:0400000US29:0400000US30:0400000US31:0400000US32:0400000US33:0400000US34:0400000US35:0400000US36:0400000US37:0400000US38:0400000US39:0400000US40:0400000US41:0400000US42:0400000US44:0400000US45:0400000US46:0400000US47:0400000US48:0100000US:0400000US49:0400000US50:0400000US51:0400000US53:0400000US54:0400000US55:0400000US56)] * GDP by State [https://www.bea.gov/data/gdp/gdp-state] * Annual growth of real gross domestic product (GDP) of the United States in 2025, by state [https://www.statista.com/statistics/248058/percent-change-in-us-real-gross-domestic-product-gdp-by-state/?srsltid=AfmBOoqY7SH5sUSgPA6coKIzvVHCtX0Im5OtqRLcbdodeseKHavDyDXg] * SARPP Regional price parities by state [https://apps.bea.gov/itable/?ReqID=70&step=1&_gl=1*1fjy16i*_ga*NzY0ODk5NTIyLjE3Nzk1NTUyMDA.*_ga_J4698JNNFT*czE3Nzk1NTUyMDAkbzEkZzAkdDE3Nzk1NTUyMDAkajYwJGwwJGgw#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] * Household Income in States and Metropolitan Areas: 2024 [https://www2.census.gov/library/publications/2025/demo/acsbr-025.pdf] * Small Area Income and Poverty Estimates (SAIPE) [https://www.census.gov/data-tools/demo/saipe/#/?s_state=01,02,04,05,06,08,09,10,12,13,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,44,45,46,47,48,49,50,51,53,54,55,56&s_county=&s_district=&s_geography=us] * Income inequality (Gini Coefficient) [https://statehealthcompare.shadac.org/map/82/income-inequality-gini-coefficient#download-data-button] * State and Local Government Finances by Level of Government: U.S. and States: 2017 - 2023 [https://data.census.gov/table/GOVSTIMESERIES.GS00LF01?q=Local+Government+Finances&g=010XX00US,$0400000&nkd=AGG_DESC~LF0230,GOVTYPE~001,time~2023&tableFilters=GEO_ID~VALUES(0400000US01:0400000US02:0400000US04:0400000US05:0400000US06:0400000US08:0400000US09:0400000US10:0400000US12:0400000US13:0400000US15:0400000US16:0400000US17:0400000US18:0400000US19:0400000US20:0400000US21:0400000US22:0400000US23:0400000US24:0400000US25:0400000US26:0400000US27:0400000US28:0400000US29:0400000US30:0400000US31:0400000US32:0400000US33:0400000US34:0400000US35:0400000US36:0400000US37:0400000US38:0400000US39:0400000US40:0400000US41:0400000US42:0400000US44:0400000US45:0400000US46:0400000US47:0400000US48:0100000US:0400000US49:0400000US50:0400000US51:0400000US53:0400000US54:0400000US55:0400000US56)] Contact the Economic & Market Watch team at economicresearch@nrucfc.coop [economicresearch@nrucfc.coop]. Visit us, download the dashboard and intelligence brief and explore other Solutions media on our website, nrucfc.coop/Solutions [https://www.nrucfc.coop/solutions].

Borrowing in a Higher-Rate World — June 1, 2026

Join CFC expert John Suter, vice president of economic research, as he looks at current rising bond yields, likely interest-rate trends and how CFC borrowers have coped with higher rates in the past. * Read the transcript of this episode. [https://cfcsolutions.transistor.fm/episodes/adjusting-borrowing-strategies-in-times-of-higher-rates-june-1-2026/transcript] Contact the Economic & Market Watch team at economicresearch@nrucfc.coop [economicresearch@nrucfc.coop]. * Subscribe to the Economic & Market Watch podcast. [https://cfcsolutions.transistor.fm/subscribe] * Subscribe to our newsletter. [https://cloud.marketing.nrucfc.coop/newsletters] Visit us, download the dashboard and explore other Solutions media on our website, nrucfc.coop/Solutions [https://www.nrucfc.coop/content/solutions/en/stories/economy/economic---market-watch.html].

Bonus: AI and the Economists

Join Economic & Market Watch producer Kathy Ryan for a bonus, behind-the-scenes look at how AI has changed the economic research team and the show in the past year.  Links: * Read Sam's article "Hormuz: Examining Hidden Risks to Rural America [https://www.nrucfc.coop/content/solutions/en/stories/economy/hormuz--examining-hidden-risks-to-rural-america.html]." * Watch Brian Sloboda's Solutions Cast episode mentioned in the show. [https://www.nrucfc.coop/content/solutions/en/stories/podcast/ai-use-policies-key-to-leveraging-its-potential.html] * Watch CFC's Amy LaVigna on AI risk, governance, and oversight. [https://www.nrucfc.coop/content/solutions/en/stories/podcast/ai-use-rises-as-co-ops-manage-risk--governance--oversight.html] Contact the Economic & Market Watch team at economicresearch@nrucfc.coop [economicresearch@nrucfc.coop]. * Subscribe to the Economic & Market Watch podcast. [https://cfcsolutions.transistor.fm/subscribe] * See the transcript of this episode. [https://cfcsolutions.transistor.fm/episodes/bonus-ai-and-the-economists/transcript] Visit us, download the dashboard and explore other Solutions media on our website, nrucfc.coop/Solutions [https://www.nrucfc.coop/content/solutions/en/stories/economy/economic---market-watch.html].