Fiscal Policy
Trump Tax Cut to Pay Economic Dividends for Years to Come
FMI’s commentary on the continuing economic impacts of the December 2017 tax cut.
‘Purple Puddle’ Election Points to Fiscal Gridlock Ahead
FMI’s commentary on the midterm elections and their likely impact on fiscal policy and the economy.
For Powell Fed, Less Would Be More
FMI’s commentary on how Jay Powell could improve further on his pretty good start as Fed chairman. Unfortunately, we harbor no illusions that these recommendations will be adopted. We offer them as food for thought -- and perhaps a smile -- for a Friday afternoon.
Federal Tax Cut Means More Revenue for Some States
FMI’s commentary on complications for the states from the federal tax cut plus some other short topics
Tax Cuts to Boost GDP Trend by +0.7%, Add a Million Jobs
FMI's Commentary on fiscal stimulus from the tax cut and our Preview of this week’s notable economic data released.
Trillion-Dollar Federal Deficits Are Best-Case Scenario Going Forward
FMI’s commentary on Trump fiscal and trade policy.
Trump GDP Growth Projections Are High But Not Absurd
FMI’s commentary on the White House budget proposal.
10-Year Bond Yield to Keep Trending Up, 4% by late 2018
FMI’s commentary on the outlook for further substantial increases in long rates
FMI’s review of the latest Weekly UI Claims & Rail Traffic results.
FMI’s review of the latest Weekly UI Claims & Rail Traffic results.
Yellen Likely to Be Reappointed under Clinton or Trump
FMI’s commentary on Janet Yellen’s fate under the next president