Weekly Bottom Line
Kevin Warsh takes the helm of the Federal Reserve after his nomination was confirmed by the Senate this week. Inflation spiked in April, with CPI up 3.8% year-on-year, as higher energy prices filtered through the economy. This in turn weighed on retail sales during the month, with real sales down 0.2% month-on-month. If you […]
Energy Shock Expected to Hit Prices Harder Than the Economy
Headlines surrounding the Middle East have dominated investor attention since late February. While uncertainty remains elevated, diplomatic negotiations have supported equities, even as fixed income and commodity markets continue to reflect potential risks. Recent economic data suggest the U.S. economy muddles on, though supply chain disruptions, higher shipping costs, and elevated energy prices are current […]