Market Commentary

Market CommentaryFor the week of May 16th, 2022ECONOMIC REVIEW1 The Consumer Price Index (CPI) report for the month on April showed mixed results when it was released on Wednesday. While monthly Core prices accelerated at a rate of 0.6%, faster than forecast (0.4%) and the previous month (0.4%), headline readings slowed for the first time in more than eight months.CPI (year-over-year) contracted to 8.3% from 8.6% in March, as energy prices moderated, with monthly headline prices confirming the

Market CommentaryFor the week of May 9th, 2022ECONOMIC REVIEW1 The Federal Reserve (Fed) hikes interest rates by 50 basis points. This is the first 50 basis point hike since 2000. The Fed also announced it intends to reduce its balance sheet over time. The expectation is for the Fed to roll off $30 billion per month in Treasuries and $35 billion per month in mortgage-backed securities. The economy added 428,000 jobs for the month of April, better than economists’ expectations of 380,00

Market CommentaryFor the week of May 2nd, 2022ECONOMIC REVIEW1 The Federal Reserve’s (Fed) preferred inflation measure, Personal Consumption Expenditure (PCE) Price Index, was released last week and confirmed a slight easing in “core” prices seen in the CPI reading earlier this month. Core PCE registered a 0.3% increase in March, in line with expectations and below the previous month’s reading of 0.4%. The annual rate of core PCE also dropped to 5.2%, below February&rsqu