On this episode of The Rate Guy we discuss the mini-revolt happening at the long end of the curve, how tariffs are effecting the deficit and how sometimes the best cure for inflation is inflation.

On this episode of The Rate Guy we talk about consumer sentiment of the top 10%, inflation's current status and how tarrifs are affecting the economy as a whole.

On this episode of The Rate Guy we unpack all of the data from last week; Inflation, GPD, Jobs. And cautiously break down what to expect at this week's Fed meeting. The uncertainty bends are proving to be true as the market has a 50/50 chance of a cut at June's meeting....flip a coin?

We also talk tariffs since we've never seen a tariff shock like this before, making it even more unpredictable. Mohammed El-Erian said it in the nicest way possible, "Markets are underestimating the depth and duration of this trade reset.”

If you want to see the graphs referenced, you can see this week's newsletter here.

And you can easily subscribe to the Pensford Newsletter here.

On this episode of The Rate Guy we discuss the back and forth around Jerome Powell's fate and the impact that has had on the Market. After that we have a special interview with the great friend and even better sport, Jon Morris aka JMo. We hear his thoughts on career, current markets and where our industry is headed.

On this episode of The Rate Guys we talk about how last week the 10 Year Treasury spiked, the dollar slipped, and headlines claim the world is ditching the U.S. JP breaks down what really happened — and why it’s probably not about deficits or de-dollarization.

From CPI cooling to basis swap unwinds, it was one of the wildest weeks of JP’s career. He explains the chaos, calls out the hype, and reminds us: reducing exposure isn’t the same as betting against the U.S.

To check out the graphs referenced - check out the Pensford Newsletter

This week's episode of The Rate Guy is dedicated to tariffs, tariffs and more tariffs. Trying to make sense of what they'll do to interest rates, what is keeping us up about them and the 2 things that will make the Fed start cutting rates in June.

This week’s episode explores The Uncertainty Bends™—a not-so-scientific condition where markets, like vacationers, decompress too fast and suffer the consequences. With consumer confidence plunging, discretionary spending slowing, and the Fed stuck between inflation and recession fears, signs point to growing instability.

We unpack:

• The latest on interest rates and consumer behavior

• Why sentiment may be flashing recession signals

• What’s driving economic uncertainty—and how long it could last

Also, somehow this marks 5 years of podcasting unfiltered, occasionally accurate, and questionably useful economic insights. Thanks for listening (and surviving) with us!

On this episode of The Rate Guy we talk tariffs, recession, GDP and of course Jobs, and why the number may be scarier that we think.

Here is the SOS Recession Indicator that JP references as well as the sweet cardboard cut out of Saquon leaping backwards over J. Powell! Thanks Craig!