A lot of ink has been spilled on the economic and inflation outlook since President Trump shocked markets in April with a dramatic change in US trade policy. But while tariffs have increased and the outlook has become a guessing game, the Federal Reserve’s monetary policy has been a rock of stability and remained frozen. That’s not necessarily a positive, but for the moment it’s one of the few things that’s been reliably boring on the macro landscape.
Daily Archives: June 10, 2025
Macro Briefing: 10 June 2025
Americans reduced expectations for year-ahead inflation, according to survey data for May. One-year-ahead inflation expectations fell 0.4 percentage point to 3.2%, the New York Fed reported. For the 3-year horizon, the outlook fell to 3% and the 5-year forecast ticked down to 2.6%. The declines still leave inflation expectations above the Federal Reserve’s 2% target.
