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Hot Inflation Data Sparks Hawkish Fed Repricing Across Futures Curve

Hot Inflation Data Sparks Hawkish Fed Repricing Across Futures Curve

Economy | May 13, 2026

Executive Summary  Hotter inflation data and a hawkish shift in rate expectations are forcing fixed income investors to rethink how much duration and credit risk they are willing to own. Markets now price a meaningful probability that the Federal Reserve could hike interest rates by late 2026 and hold policy rates above current levels into ...

Producer Prices Jump 6% Annually, Reinforcing Inflation Concerns

Economic Indicators | May 13, 2026

The Producer Price Index for final demand increased 1.4% in April on a seasonally adjusted basis, following gains of 0.7% in March and 0.6% in February, according to the latest data from the U.S. Bureau of Labor Statistics. The April increase marked the largest monthly rise since March 2022, when producer prices climbed 1.7%. On ...

Fervo Energy Upsizes IPO to $1.82B as Geothermal Gains Traction

Fervo Energy Upsizes IPO to $1.82B as Geothermal Gains Traction

Direct Investment | May 12, 2026

Bill Gates-backed geothermal energy developer Fervo Energy has increased the size of its proposed initial public offering, seeking to raise as much as $1.82 billion as investors pour capital into energy infrastructure tied to the AI and data center boom. The Houston-based company said it plans to offer 70 million shares of Class A common ...

Merit Acquires $420M Pradel Financial Group, Expands Pacific Northwest Presence

Merit Acquires $420M Pradel Financial Group, Expands Pacific Northwest Presence

Direct Investment | May 12, 2026

Merit Financial Advisors has acquired Pradel Financial Group, a Seattle-based advisory firm with nearly $420 million in assets under management, further extending its national footprint and deepening its presence in the Pacific Northwest.  The transaction, finalized April 24, marks Merit’s 58th acquisition.  Pradel Financial Group, led by veteran advisor Paul Pradel, is known for its comprehensive planning approach, particularly for clients ...