A big jump:

Figure 1: EPU (blue), 7 day centered moving average (red). Dashed orange line at election. Source: policyuncertainty.com via FRED. 

Yesterday’s move puts the EPU at 3.5 standard deviations above the mean 10/1/2024-2/23/2025.

Keep reading this article on Econbrowser Blog - James Hamilton & Menzie Chinn.

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