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Markets Climb as Fed Shifts

Kevin Warsh’s Senate Banking Committee confirmation hearing for Federal Reserve Chair on April 21 placed the central bank’s upcoming leadership

April 2026 Monthly Bond Market Review

Recent economic data point to moderating growth alongside rising inflation pressures, as the U.S.-Israeli military campaign against Iran that began

Geopolitics Shape Markets, Fed Watch

Geopolitical headlines continue to materially impact market sentiment, and the latest news flow has been constructive. Israel and Lebanon agreed

March 2026 Monthly Bond Market Review

February economic data continued to reflect the measured disinflationary progression that has characterized conditions throughout the post-pandemic normalization cycle, with

1/15– Weekly Economic Highlights

Retail sales momentum slowed during the holiday shopping season. On a year-over-year basis, retail sales were up 2.9% in December versus 3.7% in November. On a month-over-month basis, retail sales declined 0.7% in December, following a 1.4% decline in November. The month-over-month declines were broad-based in December on a seasonally adjusted basis, with outsized declines for non-store (e-commerce) sales, electronic & appliance stores, food service & drinking places, and department stores. Sales at clothing and accessories stores were positive in December, but this followed a sharp decline in November. Sales of motor vehicles and parts and gasoline also showed relative strength in December. According to the Energy Information Administration, average US regular retail gas prices increased nearly 6% in the month. Excluding vehicles and gas, retail sales fell 2.1% in December, following a 1.3% decline in November.

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