Macro Minute

As supply chains respond to shifts in global tariff and trade policies, measurements on the constraints they face could provide clues on how inflation might react.

Understanding how government spending contributes to measurements of Gross Domestic Product (GDP) can be helpful when looking at its impact on the overall economy.

The upward trend in expected inflation has remained persistent, suggesting a greater risk to the anchoring of households' longer-term inflation expectations.

Data from the automotive industry seems to suggest car buyers could feel the effects of tariffs sooner rather than later.

Inflation expectations are on the rise at a steeper rate than in 2018, but it's still unclear if household sentiment will have an impact on consumer spending.

The size and role the nonprofit sector play in the economy may have contributed to the slowdown of services spending in January.

Recent survey data suggest the risk of higher inflation has increased, but there's limited evidence of a shift in longer-run inflation expectations.

What is the nature of the BLS data revisions, and do they change our understanding of the current state of the labor market?

Looking back at the historical correlations between business optimism and measures of business investment could help us see if the recent rise in business optimism will have predictable results.

Will January bring further evidence of continued moderation, or could we be in for a surprise? Looking back at previous January inflation reports might indicate volatility is to be expected.