Economy
Stocks Crash as Inflation Runs Hot. Has Powell Lost Control?

Stocks Crash as Inflation Runs Hot. Has Powell Lost Control?

For months, Jerome Powell told investors not to worry about inflation. Today they started doubting his advice. The Bureau of Labor Statistics reported this morning that consumer prices rose 4 times faster than expected in April. Much of the surge came from commodities...

Market Pulse: 30 Year Yield Hits Post-Pandemic High

Market Pulse: 30 Year Yield Hits Post-Pandemic High

Earlier this week, Market Insights highlighted the improving story for the U.S. economy. The trend continued today as initial jobless claims fell more than expected to their lowest level since the end of November. That triggered an interesting milestone: The 30-year...