Monthly Economic Report
- The Economy: Inflation surprised in March and recession probabilities are up, but the Market remains resilient. March headline inflation rose by 0.9% to a YoY annualized rate of 3.4%.
- The Fed and Inflation Expectations: With a new Fed chair coming in and +$100/barrel oil prices, what will inflation expectations look like?
- US/Israel-Iran War: “No peace but no war” The open-ended nature of the conflict is causing cumulative economic damage.
