05/26/2026
"Not So Bad"
Monday Morning OUTLOOK
"In terms of the official inflation reports, the popular
narrative has a point. Over time, inflation is a monetary
phenomenon, but in the very short term an oil price spike can
change measured inflation because consumers (and businesses)
dip into savings temporarily to spend more and the basket of
goods and services used to measure inflation doesn’t
immediately change."
Brian S. Wesbury – Chief Economist, First Trust