April CPI Preview: Subtle Headline CPI Upside, But Core PCE Should Reveal More Disinflation
Summary:Headline CPI inflation is more likely to punch above expectations (0.2%) for three reasons: (A) gasoline and diesel prices have outperformed crude oil, (B) spot natural gas prices have generally continued to climb and will likely pressure both electricity prices...
The Option To Write Options - A Suggestion For SPR Rulemaking
SummaryThe Department of Energy (“DOE”) is about to engage in rulemaking to broaden the types of acquisitions it can engage in to help refill the reserve in a...
The Administration Took A Welcome Step Forward To Stabilize The Oil Production Outlook
Since financial markets are complex and energy policy can be shrouded in legalese, it is worth taking a minute to translate some of the more abstruse language in the DOE’s announcement.
The Next Phase of the Labor Market Expansion
As of the first quarter of 2022, we have effectively recovered the jobs and wages lost to the pandemic-induced recession.
Diverging Global Growth and Its Implications for the Fed
Tightening global financial conditions may serve to reinforce policy tightening, and the Fed should be cognizant of the risk that hikes may have a stronger-than-expected impact in this period of elevated uncertainty.
