Market Still Undershooting Fed Communication

Global central bankers will gather later this month in Jackson Hole, WY for their annual meeting. We anticipate markets will seek to understand Powell’s desire to push back on market pricing that the Fed will cut its key rate to around 4% by January 2025 from its...

The Market in Pictures, June 30

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence:   John Luke: The cleanest story since the October low has been decelerating headline inflation, which lines...

The Market in Pictures, March 17

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence:   Derek: Hopefully the first and last time we need to share SIVB charts, but in hindsight it stood out...

February 2023 CPI Update

Consumer prices rose in February by the most in 5 months, although the move was roughly in line with expectations. Headline CPI number moved lower to 6.0% YoY as the February 0.4% print replaced last year’s 0.7% print.   Source: Bianco. As of 3/14/23.   Next...