All Writing
Weekly macro, business, and AI analysis — plus capital markets commentary authored by Stephen Bevilacqua and published on Berkadia.
March nonfarm payrolls rebounded sharply to 178,000, beating all estimates. Fed Chair Powell signaled that longer-term inflation expectations remain anchored — but escalating energy disruptions tied to the conflict in Iran keep the inflationary backdrop fragile.
Berkadia ↗The FOMC held rates steady as rising energy prices tied to the Iran conflict re-elevated inflation risks. Updated projections showed higher near-term inflation expectations, with further easing now explicitly contingent on renewed disinflation progress.