1 min read

From Inflation to Jobs: The Fed's Shifting Focus

Picture of Scott Colbert Scott Colbert : August 28, 2025

Economy Economic Insights
From Inflation to Jobs: The Fed's Shifting Focus

Recorded August 25, 2025

The Federal Reserve had primarily been targeting inflation, but with weaker job growth, the balance of risks is likely changing. In the latest Commerce Trust Market Brief video, Scott Colbert, Chief Economist and Director of Fixed Income Management, provides his latest perspective on the Federal Reserve’s shifting stance on interest rate cuts as new economic data rolls in.  

  • Chairman Jerome Powell’s recent comments suggest the Fed may consider easing interest rates 

  • Four upcoming economic reports will help guide the Fed’s next policy decision  

  • Inflation remains persistent while recent job growth shows signs of cooling 

  • The unemployment rate remains steady amidst limited immigration and demographic changes 

  • Federal Open Market Committee (FOMC) voting members remain divided on the timing of potential rate cuts  

 

Read the transcript

 

 

Interested in more insights?

Enter your email to subscribe.

This summary is intended to provide general information only and may be of value to the reader and audience.

Past performance is no guarantee of future results. This material is not a recommendation of any particular investment strategy, is not based on any particular financial situation or need and is not intended to replace the advice of a qualified tax advisor or investment professional. While Commerce may provide information or express opinions from time to time, such information or opinions are subject to change, are not offered as professional tax, insurance, or legal advice, and may not be relied on as such.

Diversification does not guarantee a profit or protect against all risk.

Commerce Trust is a division of Commerce Bank.

Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE

 

 

Related Articles