The Fed Can See It, Too
The Fed held rates steady this week, but the message underneath was clear: inflation is reaccelerating and the path forward is getting narrower. PPI surged, the CPI Nowcast crossed 3%, and GDPNow moved lower.
The Rearview Mirror vs. the Windshield
This week's economic data looked backward. The market is looking at Iran. CPI held steady, GDP was revised lower, and the labor market held its ground, but rising energy costs and an uncertain conflict are rewriting the outlook.
Growth Slows, Inflation Doesn't
The labor market lost momentum, inflation stayed stubborn, and a sharp escalation in the Middle East added a new layer of uncertainty. This week's data painted a picture of an economy caught between competing pressures.
The Supreme Court Just Rewrote the Tariff Playbook
The Supreme Court struck down President Trump's sweeping tariffs in a 6-3 ruling, and markets rallied on the news. But a new 10% global tariff was announced within hours. Meanwhile, inflation moved in the wrong direction, GDP slowed sharply, and the labor market is telling two different stories depending on which side of a job search you're on.
Trump's Fed Pick Shakes Markets
Trump's Fed pick sent gold, silver, and bitcoin into freefall. Meanwhile, the economy's headline strength is masking a growing reliance on consumer debt and shrinking savings. Here's what it means for your money.
A Volatile Week, A Resilient Economy
Greenland tensions drove markets lower before a diplomatic framework sparked a Wednesday rally. Beyond the headlines, GDP growth hit 4.4%, consumer spending remains strong, and jobless claims stay near historic lows.