Committee members continue to be tight-lipped about the timing of cuts, with almost everyone out with some version of "it will depend on the inflation data."
Members are mostly loathe to talk about rate cut timing, but reveal some thoughts about the trajectory of the economy.
With healthcare costs projected to rise over the coming decade, a policy proposal that has been circulating is making Medicare reimbursements site-neutral. In this brief, we estimate the disinflation effects of implementing site-neutral payments for Medicare.
Just two speeches from Lorie Logan and Tom Barkin this week.
In December, the labor market risks shifted further over towards unemployment.
