Preston Mui

The calls for patience continue, especially with tariff uncertainty.

This week, FOMC members across the spectrum cited policy uncertainty, especially around tariffs, as a reason for putting any further rate cuts on hold.

The labor market might be solid right now, but the composition of job growth in the future looks increasingly worrying.

We only heard from Goolsbee and Bowman after this week's FOMC meeting, but both the hawk and dove agree that the lack of policy and economic uncertainty from the new Administration's policy is going to make things difficult.

If you enjoy our content and would like to support our work, we offer a premium, high-frequency macro research service, Macro Suite. If you’re interested in gaining access, please feel free to reach out to us here for more information. What To Expect Very little. The Fed signaled a

In the last week of Fedspeak before the January blackout period, Waller continued to signal openness to more cuts in 2025 and optimism about the inflationary trajectory.

As the 119th Congress convenes, the House Budget Committee is considering several policies to cut federal spending by more than $5 trillion. One reported proposal is a potential site-neutral Medicare payment reform that is estimated to save Medicare $146 billion over ten years. The details on how House Republicans plan

Waller supports more rate cuts, isn't worried about tariffs.

The further slowing we were worried about last month, particularly in the prime-age employment rate, did not materialize. This sets back expectations for earlier and more rate cuts this year, but it’s certainly a good report for anyone concerned about the left tail of labor market risk.