Economist: Fed’s Shift in Wording Surprising as Actual Uncertainty Has Significantly Decreased

According to a report by Jinse Finance, Kathy Bostjancic, Chief Economist at Nationwide Life Insurance Company, stated that it was surprising that the Federal Reserve removed its previous language in the policy statement about reduced economic uncertainty, instead emphasizing that uncertainty “remains elevated.” In our view, although uncertainty still exists, it has actually decreased significantly as the trade and tariff situation has become clearer.