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May 13 2025
Inflation Watch

Inflation: No Tariff Shock Yet

  • May 13, 2025

April’s cooler than expected CPI figures continued the recent trend of soft readings—welcome news to the Fed. Tariff related price spikes were not pervasive in the first few weeks of the shifting trade policy landscape.

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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager

Phil Segner Sr. Research Analyst & Co-Portfolio Manager

Phil is a Co-Portfolio Manager and Sr. Research Analyst at The Leuthold Group, LLC. He is a member of the asset allocation and investment committees and is a major contributor to the firm's research publications.

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