Image Source: PexelsNot that it ever disappeared completely. But expect the EPU to rise as the tariffs start flying, and the deportations begin.
Figure 1: Economic Policy Uncertainty (news based) (blue), and centered 7 day moving average (bold red). Trump administration shaded orange; election at dashed orange line. Source: policyuncertainty.com, author’s calculations.More By This Author:Structural Breaks In The Term Spread-GDP Growth RelationshipBusiness Cycle Indicators – Mid-NovemberTIPS Yield, Inflation Breakeven And Dollar Rise
