The Fed

Update 827: Turkey Talk from Tariffs to DOGE

Update 827 — Trump Floats Major Tariff Plan;Bessent is Treasury Pick; DOGE Days Ahead President-elect Trump has now named all of his Cabinet-level nominees — including his pick for Treasury Secretary — as well as choices for other critical economic policy positions, which we cover below. Not among these are Elon Musk and Vivek Ramaswamy, …

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Update 826: First of Trump’s Econ. Policy Noms

Update 826 — First of Trump’s Econ. Policy Noms;End of Basel III/Endgame?; Other Developments President-elect Trump continued announcing Cabinet nominees this week as his administration begins to take shape. The early appointments signal the incoming Trump administration’s intention to elevate the priorities of wealthy interests who appear loyal to Trump and willing to undermine institutional …

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Update 824: Inflation Risks Under Trump

Update 824 – Inflation Under Trump: What Americans Should Look Out For? Yesterday’s CPI report showed inflation rising slightly to 2.6 percent year-on-year, up from 2.4 percent in September. The new data shows that inflation remains above the Federal Reserve’s two percent target, but has fallen significantly from its peak of 9.1 percent in mid-2022. High …

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Update 823: Blue Collar Blues

Update 823 — Trump Rolls to Second TermFed Rate Cut 25bp; Powell Defiant on Trump Supported by 56 percent of working-class voters, themselves 57 percent of the electorate, and taking down the Blue Wall, Donald Trump won the presidential popular vote majority for the first time, en route to a 295-226 electoral college margin (on …

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Update 804: CPI July Increase Lowest Since 2021

Update 804 — July CPI Gain Under 3%;Dip Marks Lowest Increase Since 2021 Today, Democratic presidential hopeful Kamala Harris released her lowering costs agenda, her most specific plan to date on economic policy, which she has pledged to pursue in her first 100 days in office. The agenda addresses a myriad of economic priorities, including …

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Update 796: RNC Platform/Project 2025 Econ Policy: Part 1

Update 796 — RNC Platform/Project 2025:Focus: Financial, Education, Industrial Policy The Republican Party, meeting this week at its convention in Milwaukee, has big policy plans for the American people. The GOP and think tanks supporting it have proposed “a second American Revolution” that will be bloodless “if the left allows it to be.” From mass …

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Update 787: Fed Holds Rates; Projects One Cut in ‘24

Update 787 — Fed Plots One Cut in ‘24;May CPI Shows Immaculate Disinflation The Fed today predictably held interest rates steady as it has since July of last year and adjusted its interest rate outlook over the rest of 2024, projecting one cut at an unspecified meeting later this year instead of the previously forecasted …

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