Uncertainty around the changes and their likely effects remains high.
The central bank is well positioned to wait for greater clarity.
Despite elevated levels of uncertainty, the US economy continues to be in a good place.
uncertainty around the changes and their likely effects remains high.
the central bank is well positioned to wait for greater clarity
Sentiment readings have not been a good predictor of consumption growth in recent years.
It is the net effect of these policy changes that will matter for the economy and for the path of monetary policy.
While there have been recent developments in some of these areas, especially trade policy, uncertainty around the changes and their likely e...
What really does matter is what is happening with long-term inflation expectations.
Enter inflation