Recent Posts

Energy Pushes CPI Higher

June 12, 2026 Inflation returned to the center of the market narrative this week as the May Consumer Price Index

Strong Hiring Supports Growth

June 5, 2026 Employment data from this week reinforced that the US labor market remains on solid footing, pushing US

Strong Jobs, Cooling Inflation

May 29, 2026 Constructive comments from the White House on a continuation of the cease fire with Iran supported moderately lower Treasury

Iran Conflict, Oil, Jobs, Rates

The conflict with Iran and elevated oil prices continue to dominate market sentiment. The U.S. proposed a memorandum of understanding

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

5/7– Weekly Economic Highlights

The economy added far fewer jobs than expected in April. U.S. nonfarm payrolls increased by 266,000, versus the Bloomberg consensus forecast of 1,000,000. March payrolls were also revised down by 146,000. On a trailing 3-month and 6-month basis, payrolls increased by an average of 524,000 and 294,000 per month, respectively. Payrolls in the leisure and hospitality sector have been driving the job gains in recent months and were up 331,000 in April. Meanwhile, multiple sectors lost jobs in April, including transportation and warehousing, motor vehicle and parts manufacturing, and retail trade. The unemployment rate ticked higher to 6.1% in April from 6.0% in March, as the participation rate increased to 61.7% from 61.5%. Workers who classified themselves as employed but absent from work in April continued to understate the unemployment rate by about 0.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons, declined to 10.4% in April from 10.7% in March.

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Holiday Closure Notice:

Chandler will be closed on Monday, May 25 in observance of Memorial Day.