William Pesek

ECONOMIC WEEK AHEAD: July 28 - August 1

Jul 27, 2025 3 min read

This is a big week on the monetary policy front, with the Federal Reserve, Bank of Japan, and Bank of Canada all holding policy meetings. Naturally, the main event will be the Federal Open Market Committee’s widely expected decision (Wed) to leave the federal funds rate unchanged. We are among those expecting no change. However, we do expect that Fed Chair Jerome Powell's press conference (Wed) will

Ed Yardeni
William Pesek

ECONOMIC WEEK AHEAD: July 21-25

Jul 20, 2025 3 min read

This might be a good week to take a summer vacation. The economic data calendar is light. On Monday, Fed Chair Powell will speak in Washington, perhaps offering an update on his views on employment, inflation, and interest rates. He won't comment on calls for his resignation. Vice Chair Michelle W. Bowman could make some news at the same conference the following day. The European Central Bank is

Ed Yardeni
William Pesek

Week Ahead: July 14 - 18

Jul 13, 2025 4 min read

This will be a jampacked week for economic indicators and big banks' Q2 earnings reports. We are relatively optimistic about the latter, which should be bullish for the stock market. The inflation news may show some signs of tariff-related warming. Consumer-related data are likely to be be mixed. The White House will probably keep tariffs and the Fed in the news on a daily basis. On balance, we expect

Ed Yardeni
William Pesek

ECONOMIC WEEK AHEAD: June 30-July 4

Jun 29, 2025 3 min read

It may be July 4th week in the US, but we don't expect many fireworks on the economic data front. Of course, surprises could come from events in the Middle East, as Israel, Iran, and the Trump administration figure out whether the ceasefire will hold or missiles will start flying again. Surprises could also come from Trump's trade negotiations. A bunch of deals are expected in

William Pesek
Ed Yardeni

DEEP DIVE: What's The Matter With China's Consumers?

Jun 27, 2025 9 min read paid

China’s Consumer Bust I: Blame Xi, Not Trump. As US President Donald Trump does his worst to hobble China’s economy, China’s President Xi Jinping may be beating him to the punch. There’s no doubt that Trump’s tariffs are destabilizing Asia’s biggest economy. Though the current 30% US tariff on Chinese imports is a fraction of Trump’s earlier 145% China tax, it’s still

Ed Yardeni
William Pesek

ECONOMIC WEEK AHEAD: June 23 - 27

Jun 23, 2025 3 min read paid

Layered on top of a still-developing trade war, President Donald Trump's attack on Iran puts markets in decidedly uncharted territory. Much will depend on how Iran responds to the attack. Trump said in Saturday's White House address, if Iran doesn’t "make peace" then "future attacks will be far greater and a lot easier." In addition, Trump's "Big Beautiful

Ed Yardeni
William Pesek

IN 11 CHARTS: Fed Remains On Hold, But Still Leans Towards Easing

Jun 19, 2025 5 min read paid

President Donald Trump has been calling on Fed Chair Jerome Powell to lower interest rates. The Fed chair has been the object of intensifying schoolyard jabs from the President. "We have a stupid person, frankly, at the Fed," Trump told reporters following the Fed's stand-pat decision on Wednesday. "Am I allowed to appoint myself at the Fed? I'd do a much better job

Ed Yardeni
William Pesek

"UNCONDITONAL SURRENDER"

Jun 17, 2025 3 min read paid

The stock market held up remarkably well today considering that President Donald Trump abruptly left the Group of Seven meeting in the Canadian Rockies this morning. On his way home, he warned Tehran's residents to get out of town immediately. He also warned Iranian leader Ayatollah Ali Khamenei that he is an "easy target" and "our patience is wearing thin." In a subsequent post,

Ed Yardeni
William Pesek

ECONOMIC WEEK AHEAD: June 16–20

Jun 15, 2025 3 min read paid

The moment Fed watchers have waited for is finally here—albeit with less drama than many believed a few weeks back. As we've long said, the two-day June Federal Open Market Committee meeting (Tue-Wed) should come and go with the federal funds rate still in the 4.25%-4.50% range that it's been in since December. Even as headline inflation measures appear to moderate, the

Ed Yardeni
William Pesek

ECONOMIC WEEK AHEAD: June 9 - 13

Jun 8, 2025 4 min read

Many of the questions the Fed has about how Trump's trade war is impacting the inflation outlook will get timely answers this week. Well, updates at least, since only President Donald Trump knows how long Trump's Tariff Turmoil (TTT) will continue disrupting the world's biggest economy. On Friday, we learned that half of Fed's dual mandate is doing just fine. The full-employment

Ed Yardeni
William Pesek

ECONOMIC WEEK AHEAD: June 2 - 6

Jun 1, 2025 3 min read

There's no question that President Donald Trump is stress testing the resilience of the economy with what we've been (objectively) calling Trump's Tariff Turmoil (TTT). The latest developments on Friday: Trump declared that China is violating terms agreed upon in its trade deal with the US, and he raised the tariff on aluminum and steel from 25% to 50%. Nevertheless, the resilience of the

Ed Yardeni
William Pesek

Checks and Balances

May 29, 2025 3 min read paid

The US is a federal republic. It isn't a democracy, where the majority always rules. The constitutional system was designed by the Founding Fathers, who were mostly lawyers, to provide checks and balances to avert the concentration of political power and to protect the rights of minority parties against abuses by the majority as well as by those in power. The three branches of government were designed to

Ed Yardeni
William Pesek

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