Economic view

From the desk of Chief Economist Beth Ann Bovino

March 19, 2026

The Chair of the FOMC has always voted with the consensus. And the new Fed Chair, Kevin Warsh, will likely continue the trend. In contrast, FOMC member disagreement has been common throughout history, particularly during times with economic stress.  

Weekly Economic Highlights

Week of April 20: Energy shock, contained – for now

Monthly Economic Outlook

Macroeconomic forecast: Waiting on the world to change (again)

In the spotlight

Tariffs and Trade

Trump administration’s economic plan: Potential impact on the broader economy and businesses

March 3, 2026

President Donald Trump’s economic plans, including trade policies, raise questions about the impact on the broader economy and specific industries.

Economics

The K-shaped economy in 2026: Inequality, technology and the next growth divide

January 7, 2026

The K-shaped economy reflects a long-standing divergence where wealthier households benefit from asset appreciation, better schools and technology, while lower-income families face structural disadvantages and financial strain. 

Labor Market

U.S. labor market: Low-hire, low-fire economy

October 22, 2025

The current state of the U.S. labor market reveals a fragile “low-hire, low-fire” economy. Explore job growth trends, unemployment data, and recession risks.

Healthcare

How the U.S. healthcare system is shaping the economy

April 21, 2026

Healthcare touches nearly every corner of the U.S. economy, from household budgets to employer benefit costs, and as its footprint grows, small shifts in costs, staffing and efficiency can ripple far beyond hospitals and clinics.

Global Monetary Policy

How global monetary policy affects the economy

September 24, 2025

Interest-rate policy impacts businesses and consumers alike, determining inflation trends and labor market strength as central banks manage competing economic priorities.

Global Economy

Can the global economy continue growing?

September 16, 2025

Years of post‑pandemic recovery, persistent inflation and rising tariffs have shaped today’s global economy, leaving growth intact but increasingly uneven across regions and sectors.

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Disclosures

This discussion is intended to be informational only and is not exhaustive or conclusive. It is not intended to serve as a recommendation or solicitation for the purchase or sale of any particular product or service. It does not constitute advice and is issued without regard to any particular objective or the financial situation of any particular individual. Some of the information provided has been obtained from sources believed to be reliable, but is not guaranteed as to accuracy or completeness. Other information represents the opinion of U.S. Bank and is not intended to be a forecast of future events or a guarantee of future results. U.S. Bank and its representatives do not provide tax, accounting or legal advice. Each individual's financial situation is unique. You should consult your tax, accounting and/or legal advisor for advice and information concerning your particular situation.

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