Video: Economic data remains strong

‘Hard data’ improving while ‘soft data’ trickier for Fed to navigate

May 6, 20253 min watch

Steve Wyett, chief investment strategist at BOK Financial® and Matt Stephani, president of Cavanal Hill Investment Management, Inc. discuss the latest economic indicators and how the Fed may perceive that data in their meeting this week.

KEY POINTS

  • Risks to growth are lower but inflation numbers have been moving higher, which may prove challenging for the Federal Open Markets Committee (FOMC) to discuss this week.
  • Markets have rebounded to levels seen before “Liberation Day” announcements, primarily driven by anticipation of good news.
  • The Trump Administration is getting what they want with OPEC+ increasing supply of oil in May and June, which should bring oil prices down and take pressure off inflation. In addition, the U.S. has opportunity in the liquified natural gas (LNG) market.

For a deeper dive into the data, Steve Wyett was interviewed on Tulsa’s News on 6. Watch that conversation.

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