Last week, new Federal Reserve Governor Stephen Miran defended his lone dissent in favor of faster, deeper interest rate cuts. His argument: “Nonmonetary forces”...
We’ll hear from several Fed officials, including Chair Jerome Powell, following last week’s decision to cut the policy rate to 4.00–4.25%. The notable subplot:...
This week brings critical updates on retail sales and homebuilding activity that could reshape market expectations before the Fed's pivotal rate decision.
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The economy finds itself in an uncomfortable position where growth is cooling while inflation pressures intensify. The Fed's preferred inflation measure (PCE) shows core...