brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The Consumer Price Index (CPI) came in below expectations despite higher tariffs in April, notching the lowest annual reading since the inflation surge began in early 2021. Headline inflation increased 0.2% last month but lagged expectations for the third consecutive reading. Core inflation, […]

brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The Institute for Supply Management (ISM) Services PMI for April came in at 51.6, surpassing expectations of 50.2 and up from March’s reading of 50.8 (a nine-month low). The current reading indicated stronger than anticipated levels of expansion in the US services sector. […]

brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The Conference Board Consumer Confidence Index fell to 86.0 in April, below expectations of 87.0 and below March’s reading of 93.9. The decline continues a trend that began earlier this year and likely accelerated as the potential impact of tariffs on prices and […]

brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The Leading Economic Indicators (LEI), which are a group of 10 economic data points that, outside of recent years, have been effective at projecting future growth, fell further into contraction, dropping 0.7% in March. The index is heavily weighted in the manufacturing sector, […]

brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 Retail sales rose a substantial 1.4% in March – the largest monthly increase in more than two years – easily surpassing the median forecast (1.2%) and February’s figure (0.2%), which was revised higher. Sales of autos (5.3%) and building materials (3.3%) led category […]

brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The Consumer Price Index (CPI), a gauge for inflation, came in below expectations for the month of March in spite of tariffs being implemented. Although the latest report does not include the April 2nd tariffs, it does include the initial round of tariffs […]

brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The Institute for Supply Management’s (ISM) Manufacturing Index came in at 49.0, which was below February’s reading of 50.3 and below consensus expectations of 49.5. A reading above 50 represents expansion, while a reading below 50 indicates contraction. Prices paid moved higher while […]

brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 Headline Personal Consumption Expenditure (PCE) Index increased 0.3% month-over-month (MoM) in line with forecasts, and 2.5% year-over-year (YoY) The Fed’s preferred inflation gauge Core PCE (excluding food and energy) rose 0.4% MoM, slightly above expectations (0.3%) and 2.8% YoY – still above the […]

brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 After a paltry (and negatively revised) January figure (-1.2%), retail sales rose 0.2% in February but meaningfully lagged the consensus expectation of a 0.6% increase. Retail sales are up 3.1% in the last year, which outpaced the latest headline inflation reading. The February […]