by Carol Champagne | Jun 8, 2026 | Interest Rate Swaps & Caps
The US economy created 172,000 new jobs during the month of May, beating analysts’ expectations for only 80,000. This is the third month in a row that there have been strong payroll gains, effectively lifting the labor market out of a slump. Payrolls have averaged...
by Carol Champagne | Jun 1, 2026 | Interest Rate Swaps & Caps
Consumer prices in April were up 3.8 percent, up from 3.5 percent in March and 2.8 percent in February. The number is the highest experienced since May 2023. The core PCI, which excludes energy and food prices, is up 3.3 percent for the month. The Fed’s targeted...
by Carol Champagne | May 26, 2026 | Interest Rate Swaps & Caps
Kevin Warsh was sworn in as the Chairman of the Federal Reserve on Friday. He takes over from Jerome Powell who was the Fed Chair for the last eight years; Powell will stay on as a voting member of the committee. Warsh’s tenure begins at a difficult time. Inflation is...
by Carol Champagne | May 18, 2026 | Interest Rate Swaps & Caps
Inflation is at a 3-year high, and a rise in wholesale prices indicates even higher inflation this summer. The producer price index (PPI) rose 1.4 percent in April, the largest increase in over 4 years. The war in the Middle East, driving up oil prices, was the main...