3 Things You Need to Know This Week | US Inflation, Fed Minutes, Consumer Sentiment (April 6, 2026)
Fisher Investments discusses three key economic data releases for the week: March U.S. inflation data, Fed meeting minutes, and consumer confidence data. The analysis emphasizes that while these metrics generate headlines, investors shouldn't overreact to single data points or try to predict Fed actions.
Summary
This weekly market update from Fisher Investments covers three important economic releases. First, March U.S. inflation data will be released Friday, with February's CPI at 2.4% year-over-year. Despite concerns about Middle East conflicts driving oil price volatility and potentially reigniting inflation, the analysis notes that inflation is fundamentally a monetary phenomenon requiring increased money supply, which isn't happening from oil price spikes alone. Global money supply growth remains tame. Second, the Fed will release March meeting minutes on Wednesday, but the presenter argues that attempting to predict Fed actions is futile since officials often say one thing and do another, and the minutes are edited and redacted rather than full transcripts. Third, the University of Michigan's preliminary April consumer confidence data will be released Friday, with March revised down to a historically low 53.3, likely due to energy cost spikes from Middle East conflicts. However, consumer sentiment surveys don't reliably predict economic futures and often just reflect current emotions and existing trends. The analysis suggests weaker sentiment can actually be positive by setting lower expectations that reality can exceed.
Key Insights
- CPI has hovered around 3% year-over-year since early 2024, which sits right in line with the long term average dating back to 1926
- Inflation is fundamentally a monetary phenomenon that happens when too much money chases too few goods and services, and while Middle East conflict pushes up energy costs, it doesn't increase the money supply
- The Fed often says one thing and does another, and Fed meeting minutes are edited and redacted rather than full transcripts, showing only what the Fed approves for public release
- Consumer sentiment surveys reflect current investor emotions but do not reliably predict the future of the economy or how consumers and businesses might behave going forward
- Weaker sentiment can be viewed as a positive factor because it helps set lower expectations, and if economic reality turns out even slightly better than expected, that positive surprise can help propel stocks
Topics
Transcript
[0:05] Hello, and welcome to 3 Things You Need to Know This Week, our regular series designed to help you sift through the noise across financial media and understand what really matters for markets. To stay up-to-date with our latest market insights, subscribe to our YouTube channel or visit fisherinvestments.com. And with that, here are three things you need to know this week. First, March U.S. inflation data. On Friday, we'll get a look at the March inflation numbers. The year over year consumer price index, or CPI, was 2.4% in February. That matched inflation data we saw in January. [0:37] After spiking in 2022, CPI has hovered around 3% year-over-year since early 2024. That sits right in line with…
Full transcript available for MurmurCast members
Sign Up to AccessMore from Fisher Investments
3 Things You Need to Know This Week | Fed Minutes, Housing Market, Fraud Prevention (Aug. 17, 2026)
This week's financial priorities focus on the Fed's July meeting minutes (Wednesday), July housing market data (Tuesday), and rising financial fraud concerns. While investors seek clues about potential rate hikes and worry about housing weakness, broader market drivers remain strong and much negative sentiment is already priced in.
This Week in Review | US Inflation, Midterm Primaries, Q2 Earnings (Aug. 14, 2026)
This Week in Review covers July's cooling CPI data (3.4% YoY), the midterm election cycle and its historically positive market implications, and broad-based Q2 earnings growth driven by more than just AI investments. The episode emphasizes staying disciplined through political uncertainty and recognizing earnings strength across multiple sectors and geographies.
Fisher Investments’ Founder, Ken Fisher, Debunks: “Who Needs Foreign?”
Ken Fisher argues that including foreign stocks in an investment portfolio provides better diversification and lower volatility than owning only U.S. stocks, despite recent U.S. market outperformance. He contends that historically, U.S. and non-U.S. stocks deliver similar long-term returns, with performance leadership alternating between regions over 10-15 year cycles.
3 Things You Need to Know This Week | US Inflation, UK GDP, RBA (August 10, 2026)
This week's episode discusses key economic indicators including US inflation, UK GDP growth, and the Reserve Bank of Australia's interest rate policy. The outlook suggests inflation fears may be overstated, with a resilient UK economy and a cautious watch on Australian rate hikes.
This Week in Review | Record Highs, US Jobs, Yen Intervention (August 7, 2026)
This week's market review highlights new S&P 500 and global stock record highs driven by easing AI concerns and lower oil prices, mixed July employment data showing payroll decline but unemployment improvement, and coordinated US-Japan yen intervention to stabilize currency markets.