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December 23, 2025
Commentary & analysis of selected stories on December 22, 2025
Commentary & analysis of selected stories on December 19, 2025
At last week’s FOMC meeting, nearly all members agreed that both inflation was too high and employment was weakening. They have prioritized employment and cut rates a total of 175 basis points since September 2024. We believe officials should be prioritizing the inflation side of their mandate.
Inflation came in lower than even the lowest forecasts, but there are some questions surrounding the BLS handling of missing October data.
Commentary & analysis of selected stories on December 18, 2025
Given the state of markets, inflation, and the economy, the 10-year yield should be almost 100 basis points lower.
Commentary & analysis of selected stories on December 17, 2025
Join us Thursday, December 18, for our next conference call discussing the Fed's balancing of the dual mandate.