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![TimmerFidelity Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2918307101.png) Jurrien Timmer [@TimmerFidelity](/creator/twitter/TimmerFidelity) on x 201.9K followers
Created: 2025-07-09 13:16:48 UTC

With the jobless rate ticking down to XXX% in June, while inflation expectations hold steady, there hasn’t been much progress from the Taylor Rule. If the neutral rate is around XXX bps (real) and inflation remains sticky at 2.5-3.0%, then a few rate cuts are all we might get.

While some softening is evident in the US economy, US GDP has continued to grow faster than its potential.  Between a negative output gap and above-target inflation, there doesn't seem to be any reason for monetary policy to be below the neutral rate.

![](https://pbs.twimg.com/media/GvaxteMXAAAoysj.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942935973706244366/c:line.svg)

**Related Topics**
[gdp](/topic/gdp)
[inflation](/topic/inflation)

[Post Link](https://x.com/TimmerFidelity/status/1942935973706244366)

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TimmerFidelity Avatar Jurrien Timmer @TimmerFidelity on x 201.9K followers Created: 2025-07-09 13:16:48 UTC

With the jobless rate ticking down to XXX% in June, while inflation expectations hold steady, there hasn’t been much progress from the Taylor Rule. If the neutral rate is around XXX bps (real) and inflation remains sticky at 2.5-3.0%, then a few rate cuts are all we might get.

While some softening is evident in the US economy, US GDP has continued to grow faster than its potential. Between a negative output gap and above-target inflation, there doesn't seem to be any reason for monetary policy to be below the neutral rate.

XXXXXX engagements

Engagements Line Chart

Related Topics gdp inflation

Post Link

post/tweet::1942935973706244366
/post/tweet::1942935973706244366