Tariffs MIA in Latest CPI; Renewed Geopolitical Instability

Tariffs MIA in Latest CPI; Renewed Geopolitical Instability

Inflation remained mild in May, showing little upward pressure. According to last week’s report from the US Bureau of Labor Statistics, the Consumer Price Index (CPI) rose just 0.1% for the month, while the annual rate settled at 2.4%. The core CPI, which excludes...
Trade Deficit Cut in Half

Trade Deficit Cut in Half

The US Bureau of Economic Analysis (BEA) reported that the US trade deficit fell a whopping 55% in April to $61.6 billion. In March, the grade gap stood at a record $138.3 billion. April exports rose $8.3 billion to a record $289.4 billion. April imports fell $68.4...
From Wallets to Wall Street: Why We Hate Inflation

From Wallets to Wall Street: Why We Hate Inflation

Why is inflation widely unpopular among the public? Inflation erodes the value of money. Inflation introduces uncertainty about future prices, making it harder for households to plan budgets, save for long-term goals, or make major purchases. Those on fixed...
US Exceptionalism

US Exceptionalism

Discussions of U.S. exceptionalism in the stock market stem from the consistent outperformance of major U.S. indexes compared to global markets. For example, over the past decade, the Global Dow is up about 103%, while the S&P 500 Index has risen by 180%,...
Debbie Downer

Debbie Downer

On Friday, the University of Michigan reported that the Consumer Sentiment Index for the U.S. fell to the second-lowest reading on record, with the mid-May level falling to 50.8 from April’s 52.2. “Tariffs were spontaneously mentioned by nearly three-quarters of...
Front-Running Tariffs Distort GDP

Front-Running Tariffs Distort GDP

The U.S. Bureau of Economic Analysis (BEA) reported that first quarter Gross Domestic Product (GDP), which is the broadest measure of economic activity, fell at an annualized pace of 0.3%. Yet, a closer look reveals that the economy didn’t shrink in Q1. What happened?...