Michael McKee

speaker
1,106 appearances 198 recordings 2 series first heard Aug 2025 last heard 15 Sep

Michael McKee’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
40 · Jan OctJan 26AprJulnow

Recordings per month over the last 12 months — 195 in all, peaking in Jan 2026 with 40.

Appearances

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But people aren't revising their forecast for tomorrow down too much.
Basically, when people thought they were going to be tariffed, everybody moved their gold from Europe to the U.S., and now they're sending it out back again.
So that's had a big impact on it.
That doesn't go directly into GDP.
So part of this goes away.
It is the trade deficit rising as much as it did will make a little bit lower GDP numbers.
But people aren't revising their forecast for tomorrow down too much.
Jobless claims come in a big drop, 206,000 for last week.
That's down from the initially reported 227.
Continuing claims are at 1,869,000, slightly up from 1,862,000 in the initially reported last week's figures.
We also have trade numbers in the trade deficit for the month of December.
70.3 billion significantly higher than the 53.0 billion reported for the month of November.
Add into that wholesale inventories up two tenths and retail inventories flat on the month.
Those are not particularly great numbers.
And this matters because these are the last three data points that will go into fourth quarter GDP that we will get tomorrow.
The focus of the January meeting on inflation largely rather than jobs and concern that bringing it down had stalled.
Officials anticipated inflation would move down this year, but the pace and timing remained uncertain.
The focus of the January meeting on inflation largely rather than jobs and concern that bringing it down had stalled.
Officials anticipated inflation would move down this year, but the pace and timing remained uncertain.
The focus of the January meeting on inflation, largely, rather than jobs, and concern that bringing it down had stalled.
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