Certain There’s More Uncertainty The Federal Open Market Committee (FOMC) did not change its benchmark interest rate Wednesday — no news there. And if you were hoping for any definitive statement on whether the Iran war changes the expectations for the year, sorry, all we got was a simple statement that it raises uncertainty. The…Read more
At a Glance As shockwaves from the war with Iran upend global energy markets, the focus will be on inflation here in the U.S. Crude oil prices have spiked since fighting broke out at the end of February, and consumers are already seeing higher prices at the gas pump. Over time, higher energy costs can…Read more
The final and perhaps most crucial pieces of the interest rate puzzle fall into place this week. A full slate of inflation data is scheduled for release, and the results are expected to be key to the Federal Reserve’s interest rate decision next week. The Producer Price Index (PPI) comes on Wednesday, followed by the…Read more
