Fed Policy

Tariffs are back. With President Trump implementing and still proposing sweeping new import tariffs, the U.S. economy is staring down the barrel of policy-driven price increases and a new round of supply-driven cost-push inflation. If enacted for a long enough period of time, these policies could

The uncertainty over tariffs put inflation targeting’s weakness on display.

Note: Subscribers to MacroSuite receive our FOMC preview at the beginning of the blackout period before each FOMC meeting. A public version of the preview will be released closer to the meeting.  If you're interested in becoming a MacroSuite subscriber, please reach out to macrosuite@employamerica.org What

The Fed faces risk from multiple directions and is experiencing a high level of uncertainty. Our baseline scenario sees the hawks mostly unchanged and the doves to consolidate towards two cuts for 2025.

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