- To 'operationalize' policy, the Fed needs to better understand full employment, barriers to jobs for different groups
- Improvements in labor supply in tight market may let employment growth without price pressures
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Mortgage rates may dip to 5.5% mid-2026 on slowing economy, but timing the market is risky.
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Japan bond yields jumped after PM Takaichi pledged to suspend the food consumption tax, reviving fears of fiscal slippage. With elections looming and the BOJ stepping back, markets see limited tools to stabilise volatility.
Trade war fears ease! Nasdaq +1.5%, S&P 500 erase losses. LRN +2.8%, JBL +2.5%, BHE +4%, KN +3.5%, CNXN +3%. Valuations look up.
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