What macro is asking right now

“There's no reason to raise interest rates…. We should actually lower interest rates.”

“In May, the Consumer Price Index for All Urban Consumers rose 0.5 percent, seasonally adjusted, and rose 4.2 percent over the last 12 months, not seasonally adjusted.”

“Markets now peg the odds of a hike at the Fed's next meeting in mid-September at roughly 40%.”

“More than five years of above-target inflation cannot be cured in nine weeks—or by a single month of modest price decreases.”

“In May respondents to the University of Michigan's consumer survey expected inflation of 3.9% five years ahead, almost a percentage point higher than before Mr Trump took office in January 2025.”

“Except for inflation, which is, I believe, going to be a short-term blip, the economic data is very strong…. I think we have all the makings for a very strong economy. I think that we have temporary elevated prices that will come back down…”