13 June 2025 | 4:48PM EDT Fed Chatterbox: June Edition The Fed Chatterbox highlights notable comments on key topics from Fed officials since the last FOMC meeting. A few themes stand out: Jan Hatzius +1(212)902-0394 | jan.hatzius@gs.com Goldman Sachs & Co. LLC Alec Phillips +1(202)637-3746 | alec.phillips@gs.com Goldman Sachs & Co. LLC David Mericle +1(212)357-2619 | david.mericle@gs.com Goldman Sachs & Co. LLC Jessica Rindels +1(972)368-1516 | jessica.rindels@gs.com Goldman Sachs & Co. LLC Investors should ...

Well, investors shifting their focus back on the Federal Reserve ahead of the central bank's policy meeting next week. President Trump once again calling for Fed Chair Pal to cut rates for more on the path ahead for the Fed and interest rates. Let's get now to Loretta Mester, University of Pennsylvania adjunct professor and former Cleveland Federal Reserve President.Uh Loretta, always good to see you. So, let's start Loretta with that inflation report we got today. PPI tame Loretta benign just like CPI yest ...

The May non-farm payrolls report was stronger than expected, but it still reinforced the idea that the employment landscape is losing momentum. While the headline data was stronger than expected, it was still lower than last month's figure, which was revised even lower. Combined with the strong wage growth figure and a lower labor force participation rate, this data could signal that employers are pulling back on hiring in response to tighter financial conditions, but also incentivizing their current labor ...

We're checking in on the consumer. New data from Vantage Score shows student loans dragging on delinquency rates. Auto loans surging past prepandemic highs.For more, we're bringing in now Silio Tavvaris, CEO and president of Vantage Score. Silio, always great to see you, especially on set. So, we are always looking as investors for lines of signing the consumer.Silio, different data, different metrics. What start big picture. What are you seeing.What do you see with the consumer based on the credit data you ...

[Music] Greetings everyone. It is uh in the know day as well employment Friday uh and uh we have a lot to discuss as usual we'll we'll go through fiscal policy monetary policy economic indicators market indicators and uh we'll talk a little bit about uh some real breakthroughs in terms of uh the market recognizing how much innovation is taking place. Um so uh starting w with fiscal policy and I'll I'll go through and and just uh make a few observations before we flip to charts.So um on fiscal policy, well t ...

USA: ADP Employment, ISM Services Below Expectations; S&P Services PMI Revised Up; Lowering Payroll Growth Forecast to +110k BOTTOM LINE: According to the ADP report, private sector employment increased by 37k in May, below expectations, and employment in April was revised down. The ISM services index declined by more than consensus expectations in May. In the ISM services press release, respondents highlighted that the tariffs had led to cost increases in their industries. The S&P Global services PMI was r ...