In this segment, the pair dive into the current state of the U.S. economy and the implications of recent court rulings on tariffs. A federal court has indicated that most of Trump’s tariffs may be illegal, but an appeals court has temporarily paused that ruling, keeping the tariffs in place for now. They also discuss the latest economic data, including April’s PCE, which is the Fed’s preferred inflation measure, showing cooler-than-expected results.
Joining Remy Blaire is Brian Jacobsen, Chief Economist at Annex Wealth Management, who shares his insights on the market’s resilience despite recent volatility. He suggests that the data could lead to a rate cut by the Fed sooner than anticipated, as income growth is slowing and spending patterns are shifting back towards services.