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To Combat Healthcare Inflation, Reconciliation Should Go Big on Site-Neutral Medicare Payments

Ashley George & Preston Mui — 3 min read

As the 119th Congress convenes, the House Budget Committee is considering several policies to cut federal spending by more than $5 trillion. One reported proposal is a potential...

Labor Market Recap December 2024: Relief, for Now

Preston Mui — 6 min read

The further slowing we were worried about last month, particularly in the prime-age employment rate, did not materialize. This sets back expectations for earlier and more rate cuts this year, but it’s certainly a good report for anyone concerned about the left tail of labor market risk.

Labor Markets Federal Reserve Employment Wages Jobs Day

Post-December FOMC: The Fed Gets Pessimistic About Inflation, but Shouldn't Downplay Labor Market Risk

Preston Mui — 5 min read

If there’s one takeaway from this meeting, it’s that the Committee wants to position themselves much more cautiously on the inflation outlook, but the Fed is just a couple of bad labor market prints from having to put more cuts back on the table.

Federal Reserve FOMC Labor Markets Inflation Recap

December 2024 FOMC Preview

Preston Mui — 6 min read

Now that rate normalization is about to move into the next, slower phase, it is important that they do not predetermine the scale of normalization.

Federal Reserve Fed Expectations FOMC Fedspeak