Rate cuts and tariffs will weigh on economic reports
Reports due this week will offer different views of the health of the economy.
The problem with measuring an economy is this:
It takes time to gather the data, then more time to gather more data to see if the first round is solid and then even more time to figure out what it all means.
The conventional wisdom about the economy is that it's solid. That's what Federal Reserve Chairman Jerome Powell believes, although President Trump may disagree.
Employment is strong. The national unemployment rate has been below 5% since September 2021. The travel business is very strong. Even if consumers are worried, they have not stopped buying.
FDL
