Insights
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Excluding Food and Energy Maybe not Energy
The April 2026 Consumer Price Index for all urban consumers (CPI-U) reached 3.8%, the highest since May 2023. The Federal Reserve’s preferred inflation measure, Core Personal Consumption Expenditures (PCE) index reached 3.3%, the highest since November 2023.
Economic Commentary and Unique Perspectives
A few months ago, several private software companies defaulted on their debt covenants. This caused many lenders to software companies…
I write these monthly letters to you without the help of Artificial Intelligence. Of course, we use AI afterwards for…
In this March 2026 investment outlook, CIO Gary Aiken examines inflation, real wages, the Federal Reserve’s PCE Index, and the…
