Between a Rock and a Hard Place This week’s Federal Reserve meeting will mark a pivotal moment for markets navigating an increasingly complex economic landscape. While last week’s inflation data came in more moderate than some had feared, the broader outlook remains clouded by competing forces that will complicate the Fed’s decision-making process. Uncertainty about…Read more
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
