Weekly Economic Commentary
WEEK OF FEBRUARY 20, 2026
Tensions are escalating on a number of fronts, from military developments, conflicting economic data and, somewhat surprisingly, a Supreme Court ruling on Friday upending the administration signature trade policies. The ruling, which disallowed the administration’s use of emergency powers to justify the avalanche of tariffs over the past year, was not entirely unexpected, but it…
Previous Weeks
WEEK OF SEPTEMBER 12, 2025
It’s party time for Fed watchers, as policymakers are expected to add more punch to the bowl this coming week. Following a ten-month abstention, officials are likely to resume the…
WEEK OF SEPTEMBER 5, 2025
The continued slowdown in job growth last month will not please the administration, but at least it wasn’t blindsided by the astonishing downward revisions to previous months that appeared in…
WEEK OF AUGUST 22, 2025
The weekly commentary will not be published over the Labor Day weekend. The next issue will be published on September 5. All eyes were on the annual Jackson Hole symposium…
WEEK OF AUGUST 15, 2025
The government pressure on the Fed to cut rates next month has reached a fever pitch, with the president, Treasury secretary and other administration officials, not to mention some members…
WEEK OF AUGUST 8, 2025
The political maelstrom following the surprisingly weak jobs report last week has subsided, but the shift in perceptions regarding monetary policy and, importantly, the economy’s performance remains intact. Until recently,…
WEEK OF AUGUST 1, 2025
The debate over whether the economy is responding more to tariffs or interest rates will undoubtedly heat up, as the week’s busy calendar of data only added fuel to the…
WEEK OF JULY 25, 2025
We are entering the dog days of summer, and the oppressive heat and humidity are, on schedule, buffeting the weather-weary victims of Mother Nature. Another target taking the heat is…
WEEK OF JULY 18, 2025
Once again, the U.S. economy is showing that it is not ready to roll over in the face of higher tariffs and other distractions that many thought would be taking…
WEEK OF JULY 11, 2025
The on-again, off-again tariff threats were in full display this week, as President Trump once again postponed the levies that were scheduled to take effect on July 9, giving trading…
WEEK OF JULY 3, 2025
A confusing economic backdrop got a bit more muddled on Thursday, thanks to a jobs report that featured topline strength overlaying a softer underbelly. For a data-dependent Fed, the task…
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