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“The committee is very much in the mode of waiting to see what policies are enacted,” according to Chairman Powell.
Still, nearly two-thirds of CEOs expect tariffs and trade policy changes to negatively impact their business.
How policies enacting the president-elect's campaign promises would impact inflation, interest rates, the U.S. economy, and global markets.
Both candidates want to promote U.S. jobs and investment at home, but they disagree on how to do so: tariffs versus economic subsidization.
Wharton professor points out synergies in the "triangle of immigration, investment, and jobs."
In contrast to recently released economic data, Fed districts report seeing weakness in some areas of consumer spending and smaller profit margins for businesses.
Minutes from late January show most FOMC members are more concerned about easing too soon than about damaging the economy through high rates.
Productivity growth has averaged 3.9% over the past three quarters, more than triple the rate seen in the decade prior to the pandemic.
Consumer prices excluding food and energy rose at a 3.3% annualized rate in the final three months of 2023.
Despite a favorable pullback in inflation, Federal Reserve policymakers are in no rush to lower rates.