Latest / The Weekly Briefing from Capital Economics
Driving in fog, standing on ice: The Fed and the fragile trade truce
The Fed is trying to calibrate policy in the midst of a government shutdown that’s effectively cut off the flow of data. Jerome Powell says that when you’re driving in fog, you should slow down – but there’s still a case for the FOMC to follow this past week’s rate cut with another move in December, says Deputy Chief North America Economist Stephen Brown. He talks to David Wilder about why the state of the US economy argues for another cut this year, but fewer in 2026 than markets currently expect.
That Fed meeting wasn’t the week’s only big event. In Korea, Donald Trump held the first…
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