Recent Posts

Oil Spike, Fed Meeting Ahead

The conflict with Iran remained the primary driver of market sentiment this week. Oil prices spiked as global supplies remained

Markets Face Tariffs

Trade policy uncertainty continued to shape financial markets this week as replacement tariffs under Section 122 of the Trade Act

Economic Data Signals Resilience

There was a plethora of economic data releases this week with most indicating the resilient economic backdrop remains in place.

January 2026 Bond Market Review

December economic data signaled moderating inflation alongside a continued rebalancing in labor market conditions, with price pressures still running modestly

5/28– Weekly Economic Highlights

The Federal Reserve’s key inflation gauge was slightly higher than expected in April. The Personal Consumption Expenditures (PCE) index was up 3.6% year-over-year in April, versus up 2.4% year-over-year in March. Core PCE was up 3.1% year-over-year in April versus the consensus estimate of 2.9%, up from 1.9% year-over-year in March. Nevertheless, we believe the Fed is looking through the near-term inflation data. The Fed expects “base effects” (i.e., comparing current prices to prices at the early stage of the pandemic when prices were under pressure), bottlenecks, and ongoing supply chain disruptions to cause near-term pricing pressures, but the Fed still believes these factors will largely be temporary.

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