Moran Monthly Digest: May 2026
April’s inflation report didn’t just run hot — according to the Cleveland Fed, every underlying measure moved the wrong way at once. Headline, core, shelter, median CPI, and trimmed-mean. All of them, simultaneously.
Guidance Forged by Experience
April’s inflation report didn’t just run hot — according to the Cleveland Fed, every underlying measure moved the wrong way at once. Headline, core, shelter, median CPI, and trimmed-mean. All of them, simultaneously.
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