Macro Minute

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.

Exploring the breadth of consumer spending through a diffusion index shows the U.S. consumer is likely to have entered 2025 in robust shape.