Through 8/3:
Figure 1: EPU (blue, left scale), EPU-trade (green, right scale). Source: policyuncertainty.com.
Trade policy uncertainty, I can see why that’s risen. Economic Policy Uncertainty? Well, if you start disassembling the economic data infrastructure that underpins TIPS, Social Security COLAs, and inflation numbers necessary for private and public decision-making, maybe this is the least uncertainty you can expect.
