The Commerce Department eliminated two advisory committees on economic statistics gathering (see Marketplace). BLS received some additional funds in March as part of a continuing resolution; however the Trump budget proposal includes an 8% reduction in budget in nominal terms.
Here’re the Baker-Bloom-Davis categorical trade policy uncertainty measure and the Caldara et al. Trade Policy Uncertainty index. Why are these measures elevated? In my mind, why aren’t they even higher?
What’s this guy smoking? From the article (originally Wash Examiner):
Today we are fortunate to present a guest post written by Pascal Michaillat (UCSC).
ERS predicts 2.2% increase in food-at-home prices in 2025. Continue reading
That’s the title of a report by the Trump administration CEA earlier this month. It’s an interesting question whether this is the relevant question or not.
WSJ mean survey forecast relative to 2023-2024 trend.
Policy uncertainty has remains high; does it matter for economic uncertainty?
From CPI, note the CPI furniture and appliances category: