April 2018 Update image
Monthly Commentary April was a busy month and the spotlight was firmly on the Fed, earnings growth and North Korea. Starting with the Fed, they decided to leave rates unchanged and while continuing to signal more increases are coming, and soon. They see inflation increasing in the near term which is inevitable with oil prices having risen so much. The way inflation is measured if oil was at $55 and now at $70, that's a 27% year over year increase. A research report I recently received believes headline inflation will be around 3% by the summer, but core CPI won't nearly be that high. The yield curve has continued to flatten this year and we're starting to see almost daily ...
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