Cool-Aid After January’s hotter-than-expected inflation report, markets and consumers were crossing their fingers for a cooler read in February and got their wish. The headline Consumer Price Index (CPI) rose by 2.8% year-over-year and 0.2% month-over-month, below expectations of 2.9% and 0.3%, respectively. Core CPI also came in below expectations at 3.1% year-over-year, but remains…Read more
Possible Second Wave Last week we got important jobs data, this week we get important inflation data. Both are important drivers of financial markets, but just how influential each is depends on investors’ view of its risk to the Federal Reserve’s dual mandate of maximum employment and price stability. If perceived risks are greater with…Read more
Big News, Big Market Moves It’s only been one week since our last blog, but with all that’s happened since then, it feels like it’s been one month. In the past week, the S&P 500 is down 3.0%, the Nasdaq is down 4.1%, and the Russell 2000 is down 4.4%. All three indices are in…Read more
