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Macro - Weekly Briefings - US

Publisher Oxford Economics
Published Sep 05, 2025
Length 10 Pages
SKU # OFE20418424

Description

The August employment report solidified our decision to change the Fed forecast. Our new Fed forecast will be incorporated into our updated baseline, available on September 10. The contours of the forecast haven't changed appreciably, even though the next cut is brought forward to September and the forecast will now include two 25bps cuts this year, rather than one. Our estimate of a 3.125% equilibrium fed funds rate remains unchanged.

Table of Contents

10 Pages
US: Fed has run out of patience
Where do we go from here?
Another year, another downward revision to employment
Questioning employment, questioning the Fed
Tariff repayments
The week in review
The week ahead
Key forecasts
Latest Country Economic Forecast:
Recent publications
Data Insights
Research Briefings
Annual Calendar
Contacts
Oxford Economics' North American team

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