On this Weekly Update, Brett Witkowski talks about the second inflation wave that may be upon us.

CPI came in hotter than expected with broad beats across the report. We look at the 12-month rate of change in CPI for all urban consumers (not seasonally adjusted) from March 2023 to 2024. The AAA National Average Gas Prices are facing an upward trend. Rate cuts continue to get priced out of the market, eventually, the Fed’s hand may be forced. Stay in the loop with us as these subjects develop.