Stuck in Transition The first Federal Reserve meeting of the year was seven weeks ago, though it feels like it’s been longer, given all that has happened in markets since. Despite that, the Fed’s decision this week was much like the last: The Federal Open Market Committee (FOMC) left its benchmark interest rate unchanged at…Read more
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
