Weekly Economic Commentary
WEEK OF MAY 22, 2026
Kevin Warsh was sworn in as the new Federal Reserve Chairman on Friday, ending the eight-year leadership of Jerome Powell. Mr. Powell will not be leaving the Fed, as is customary, but will be moving down the table as a governor until he deems conditions are right for a departure. We expect the transition to…
Previous Weeks
WEEK OF JUNE 28, 2024
There will be no commentary over the July 4 holiday. The next weekly will be published on July 11. Once again, reports on the death of consumer spending are premature…
WEEK OF JUNE 21, 2024
The soft-landing narrative is once again in the forefront, as most economic reports are coming in softer than expected and inflation continues to cool. Last week’s headlines featured the soft…
WEEK OF JUNE 14, 2024
It’s been a while since the hard economic and inflation data delivered unequivocal good news for traders and investors. True, one might quibble as to whether a spike in applications…
WEEK OF JUNE 7, 2024
Friday’s robust monthly employment report silenced a nascent whisper campaign that a July rate cut by the Fed was on the table. That notion was spurred by a string of…
WEEK OF MAY 31, 2024
The latest spate of Fed speakers did little to squelch market concerns that interest rates would be held at elevated levels for the foreseeable future. Indeed, market sentiment of late…
WEEK OF MAY 24, 2024
The good news is bad news narrative roiled the financial markets this week. It’s no secret that traders are looking for signs that the economy is cooling off, taking the…
WEEK OF MAY 17, 2024
Three steps back, one step forward for disinflation. That’s clearly too much of a bumpy ride which, if sustained, would not lead to the Fed’s 2 percent destination. That said,…
WEEK OF MAY 10, 2024
The data-dependent Federal Reserve had little of substance to digest this week, as the economic calendar was very light. It will be another week or two before the next round…
WEEK OF MAY 3, 2024
April’s employment report is about as good as it gets. Moderating job growth, looser labor market conditions and slower wage gains, just what the Fed doctor ordered to tame inflation…
WEEK OF APRIL 26, 2024
The higher for longer narrative received more confirmation this week as key economic reports signaled an economy that continues to chug along and an inflation rate that stubbornly remains well…
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