When it comes to interpreting the economy we put a

premium on sobriety. One good piece of economic data

doesn’t mean a boom, nor does one bad report mean a bust.

We’re finally breaking out of the clouds! Economists have

mostly been flying blind because of the government shutdown,

but this week the data really start to flow again.

There are two very important meetings about monetary

policy this week but, so far, most of the public only knows about

one of them.

In the ten years prior to the onset of COVID, the consumer prices index rose at an average annual rate of 1.7%. Since the onset of COVID the overall CPI has risen at a 4.2% annual rate. Inflation peaked at about 9.0% back in 2022 but is still hovering between 2.5 and 3.0%, which is above the Federal Reserve’s official target of 2.0%.

Brian Wesbury’s Monday Morning Outlook for the week of Thanksgiving, 2025: No Home Price “Collapse.” I hope your family has as much to be thankful for this year as our family does.

Wishing you a happy Thanksgiving!

Melissa