The next few weeks will test whether economic fundamentals or political volatility drive the narrative. Watch for:
- Friday’s PCE inflation data—will a hot print force the Fed to rethink?
- Legal and political fallout from the Trump-Fed standoff over Lisa Cook’s job
- Holiday-season pricing as tariffs turn inventories into a costlier proposition
- Escalating global pressure as US allies navigate “tariff or friendship” choices in a reordering world
The questions looming: Can the Fed tame inflation without politics getting in the way? How much more cost can American businesses and families absorb before adaptation gives way to fatigue?
