FOMC Commentary – October 29, 2025
The interest rate decision announced by the Federal Open Market Committee (FOMC) contained the expected quarter-point reduction in the Federal Funds target range to 3.75%-4.0%. Several less expected and highly significant developments
Five Charts for the Week That Was: October 24, 2025
First, a big, complicated chart for a very big, complicated issue: rare earth elements. President Trump has scheduled a much-anticipated meeting with China’s President Xi for next Thursday, October 30. Five Charts for the Week That Was: October 3, 2025
Convincing consumers that the US economy is growing in excess of 3% (the latest reading from the Atlanta Federal Reserve GDPNow project) is a bit of a challenge at the Chief Economist Jeanette Garretty on Bloomberg: The Asia Trade
Chief Economist Jeanette Garretty joined Bloomberg: The Asia Trade to discuss the economic impact of the U.S. government shutdown and its potential effects on markets and growth. Watch Jeanette here. FOMC Commentary – September 17, 2025
The Federal Open Market Committee (FOMC) voted to lower the Federal Funds rate target range by 25bps, from 4.25%-4.5% to 4%-4.25%. The context provided for this move was as important as Five Charts for the Week That Was: August 22, 2025
Inflation continues to track at 2.5%-2.75%, although the impact of tariffs can be detected in the higher, 3%+ rate of core inflation and the recent increase in the Producer Price Five Charts for the Week That Was: August 8, 2025
The European Union (EU) arrived at a tariff “deal” with the US comfortably before the August 7 deadline. The merits of doing that may be illustrated by the alternative, such FOMC Commentary – July 30, 2025
The Federal Open Market Committee (FOMC) Interest Rate Meeting concluded with a decision to leave the Fed Funds Target Range at 4.25%-4.5%. This decision was widely expected, as were the Five Charts for the Week That Was: July 25, 2025
These two charts count as one. The story that the Fed will have to unpack on inflation is about what is going on underneath the top-line CPI numbers. Prices on