Energy Pushes CPI Higher
June 12, 2026 Inflation returned to the center of the market narrative this week as the May Consumer Price Index (CPI), released June 10, showed headline prices rising 4.2% from a year earlier, the fastest annual pace in roughly three years and the first reading above 4.0% since 2023. The figure landed against the backdrop […]
Strong Hiring Supports Growth
June 5, 2026 Employment data from this week reinforced that the US labor market remains on solid footing, pushing US Treasury yields higher. Strong hiring, job openings, and performance in the services and manufacturing sectors reinforced the view that the US economy continues to grow despite elevated energy prices. The conflict with Iran continues to […]
05/29/2026: Strong Jobs, Cooling Inflation
May 29, 2026 Constructive comments from the White House on a continuation of the cease fire with Iran supported moderately lower Treasury yields on the week and a positive backdrop for US equity markets. A deescalation between the US and Iran and a sustainable opening of the Strait of Hormuz will be cathartic for global markets in the short-term, however the Chandler team remains cautious over […]
New Whitepaper – GASB 79: Origin and Purpose
Following the 2008–09 financial crisis, the SEC implemented significant reforms to Rule 2a-7 governing money market funds, including floating net asset values and liquidity restrictions for institutional prime funds. Because GASB guidance for external investment pools had long relied on references to SEC money market fund rules, these regulatory changes created the need for a […]
05/15/2026: Inflation Surges, Markets Stay Resilient
Kevin Warsh was finally confirmed by the Senate as the new chair of the Federal Reserve this week by a narrow 51-45 margin. For market participants, however, inflation data took center stage, reinforcing concerns that the energy price shock from the conflict with Iran is filtering into the broader U.S. price complex. The headline Consumer […]
05/08/2026: Iran Conflict, Oil, Jobs, Rates
The conflict with Iran and elevated oil prices continue to dominate market sentiment. The U.S. proposed a memorandum of understanding which would lead to the gradual reopening of the Strait of Hormuz and lifting of the American blockade on Iranian ports. The plan includes provisions for the removal of sanctions on Iran and a moratorium […]
05/01/2026: Rates Steady, Inflation Signals Persist
The Federal Open Market Committee (FOMC) held the federal funds rate at 3.50% to 3.75% on April 29, an outcome consistent with expectations but accompanied by data that complicated the path forward for both investors as well as the FOMC. The decision produced the most divided vote since 1992. One policymaker favored a cut, while […]
04/24/2026: Markets Climb as Fed Shifts
Kevin Warsh’s Senate Banking Committee confirmation hearing for Federal Reserve Chair on April 21 placed the central bank’s upcoming leadership transition in focus. Warsh, nominated to succeed Chair Jerome Powell when his term expires May 15, emphasized his commitment to operational independence and stated he had made no prior commitments on the direction of interest […]
04/17/2026: Geopolitics Shape Markets, Fed Watch
Geopolitical headlines continue to materially impact market sentiment, and the latest news flow has been constructive. Israel and Lebanon agreed to a ten-day ceasefire that appears to be holding, and the larger conflict between the US and Iran is also de-escalating. Although the statements from the US administration point to an imminent deal between the […]
03/13/2026: Oil Spike, Fed Meeting Ahead
The conflict with Iran remained the primary driver of market sentiment this week. Oil prices spiked as global supplies remained disrupted with the Strait of Hormuz remaining essentially closed. Against this geopolitical backdrop, a significant downward revision to fourth quarter gross domestic product (GDP), and firm inflation and employment data added to the complex set […]