Jean Yung

3 weeks ago | mnimarkets.com | Jean Yung

R-star, or the natural real rate of interest or neutral rate, is an important but unobservable rate that determines whether the current policy rate setting is accommodative, neutral or restrictive when the economy is at full strength and inflation is stable. A Taylor-type monetary policy rule would recommend setting the policy rate equal to r-star plus 2%, the Fed's inflation target, assuming the U.S. output gap and inflation gap were close to zero.

3 weeks ago | mnimarkets.com | Jean Yung

You are missing out on very valuable content. President Trump has multiple options to maintain tariffs even if courts ultimately decide that the legal foundation for his April 2 reciprocal tariffs is invalid, and meanwhile the rulings last week are adding to uncertainties facing businesses, Ever...

3 weeks ago | mnimarkets.com | Jean Yung

Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday his economic outlook is little changed from March, when he penciled in one interest rate cut later this year, adding he also remains attentive to signs that businesses are starting...

3 weeks ago | mnimarkets.com | Jean Yung

You are missing out on very valuable content. Uncertainty over trade policy will drag on U.S. manufacturing until at least the fourth quarter, as demand remains weak and the preemptive build-up of inventories begins to deplete, Institute of Supply Management survey chief Susan Spence told MNI on...

3 weeks ago | mnimarkets.com | Jean Yung

You are missing out on very valuable content. Federal Reserve Governor Chris Waller said Sunday the U.S. central bank could resume its trajectory of normalizing interest rates later this year if tariffs overall settle closer to 10% with higher country and sector specific taxes negotiated down ov...