Marketplace cover image

Marketplace

Uncertainty is a certainty

Mar 6, 2025
Uncertainty is reshaping decision-making in today's economy. Recent changes in tariff policies are causing distress for farmers and impacting Wall Street. The disbandment of key advisory committees raises concerns about the reliability of economic data. Declining Treasury yields affect mortgage rates and highlight worries about growth. Amid these challenges, businesses are finding innovative ways to adapt, especially in the services sector, as they navigate a landscape filled with both risks and opportunities.
25:54

Podcast summary created with Snipd AI

Quick takeaways

  • The dissolution of key advisory committees has raised significant concerns about the reliability and accuracy of U.S. economic data.
  • Conflicting survey results from the services sector reflect uncertainty in economic growth and highlight the impacts of recent tariff changes on businesses.

Deep dives

Disbanding Key Economic Committees

The Commerce Department's decision to disband two advisory committees, the Federal Economic Statistics Advisory Committee and the Bureau of Economic Analysis Advisory Committee, raises concerns about the quality of U.S. economic data. These groups provided essential expert insights to help shape economic measurement methodologies and ensured transparency with the public, according to former committee members. The committees had served for decades, and their removal is viewed as a detrimental step by economists who believe it will compromise the accuracy of data on vital economic indicators like GDP, jobs, and inflation. Critics argue that without expert guidance, the government may struggle to produce reliable economic statistics, impacting business decisions and policymaking.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode