This week on the Macrocast, John Fagan is joined by special guest Trevor Hanger to examine the outlook for the U.S. economy as markets balance resilient data with rising risks. They cover shifting expectations for monetary policy, with Fed Chair Jerome Powell signaling a more cautious, wait-and-see approach.

Risk tied to Iran remains central, driving volatility in energy markets and complicating the inflation outlook. From an investor perspective, they explore how markets are navigating policy uncertainty, tariffs, and geopolitical developments.

The episode also marks one year since the “Liberation Day” tariff announcements that shook financial markets. Finally, with Washington in the second week of a two-week congressional recess, they look ahead to the policy calendar and key market drivers.

For more about the hosts, please see below:

Forbes Tate Partners

Markets Policy Partners