Focus is Back on the Fed

To begin, the Bureau of Labor Statistics provided further evidence that inflation is nowhere in sight as both the PPI and CPI increased by a scant 0.1% last month. Over the trailing year, they are at 1.8% ‐ below the Fed’s long‐term goal of 2.0%. And overseas,...

Geopolitical Cloudiness

The second reading of first quarter GDP was released last week, and this official estimate was revised slightly downward to 3.1% from the initial estimate of 3.2%. No big deal as no one seemed to care. Why? Well, it was all about geopolitical tweets and counter‐tweets...
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