US Economics Weekly: Big week for macro next week

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US Economics Weekly: Big week for macro next week

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US Economics Weekly Economics

AmericasBig week for macro next week

Jonathan Pingle

Economist

Economic Comment: an opinion in the consequential Cook case? jonathan.pingle@ubs.com

+1-212-713 2225

The Supreme Court is nearing the end of its term, and opinions are set to be released

next Monday, as we still await a crucial decision in the Trump v. Cook case. The case Abigail Watt

Economistcenters on whether Lisa Cook can continue to serve as a member of the Board of

abigail.watt@ubs.com

Governors of the Federal Reserve System, and by extension, the Federal Open Market +1-212-882 6929

Committee, while allegations of mortgage fraud against her leveled by the current

administration are being considered. If Cook is not allowed to continue to serve while Alan Detmeister

the charges against her are considered, that would represent a landmark shift for

alan.detmeister@ubs.com

Federal Reserve independence. It could imply that a Governor can be removed from +1-212-713 1222

voting on monetary policy by being accused of wrongdoing. We discuss this in the

economic comment on page 3. Amanda Wilcox

amanda.wilcox@ubs.com

Nonfarm Payroll Employment revisions +1-212-713 3899

How much and when labor market data revises seems to be getting lost in the shuffle.

Jalen Nichols

The Week Ahead: Warsh speaks again, June employment report and 250 years jalen.nichols@ubs.com

In the June employment report released Thursday, the day before Friday's 250th +1-212-882 6905

anniversary of the Declaration of Independence, we expect nonfarm payroll

employment rose 80K in June and the unemployment rate held steady at 4.3%, with

myriad risks to that. The employment report preview begins on page 30.