Founded by Joe Zidle — Former Chief Investment Strategist & Partner, Blackstone • Former Head of Investment Strategy, Bank of America Merrill Lynch

J.Z. Macro Strategy Group
  • Research
  • About
  • Pricing
  • Advisory
  • Subscribe / Sign In
macro & strategy Members 2 min read

FLASH NOTE: CPI, OIL, AND THE FED’S TRAP

The market is pricing a September Fed cut. We think cuts arrive December at earliest, more likely Q1 2027. The combination of sticky core services ex-shelter (2.9% YoY, 3.8% 3-month annualized) and a 41% oil spike creates a credibility trap the Powell Fed will not walk into again.

March 12, 2026 by Joe Zidle

This post is for subscribers only

Subscribe now

Already have an account? Sign in

macro & strategy

More in

View All →
allocation Members Jul 9, 2026

Positioning for the Overheat

The economy is not late. It is hot. On the Investment Clock the hand sits in the overheat quadrant, where growth runs solid and inflation runs right alongside it. That combination decides how capital gets deployed in the second half.

Read Analysis
macro & strategy Members Jul 2, 2026

Explode Something Responsibly

Find some shaded hug some people you like; explode something responsibly. Happy Fourth.

Read Analysis
macro & strategy Members Jun 30, 2026

Profits Don't Know They're Old

Q2 earnings season kicks off in two weeks. Here's what's unusual: analysts have been raising estimates into quarter-end. This earnings cycle is accelerating as it ages

Read Analysis
Zidle Macro Strategy Group

Independent macro and alternatives research. Uncompromised.

Research
Macro & Strategy The Allocator Thematic Deep Dives
Company
About Joe Zidle Methodology Media & Press Contact
Subscribe
The Briefing The Allocator Advisory

ZidleMSG is not a registered investment adviser, broker-dealer, or fiduciary. All content is independent macroeconomic research and commentary, published for informational purposes only. Nothing on this website constitutes investment advice, a solicitation, or a recommendation to buy, sell, or hold any security or investment product. ZidleMSG does not manage assets, execute transactions, or provide personalized investment advice. Advisory engagements are limited to macroeconomic research and commentary and do not constitute an investment advisory relationship under the Investment Advisers Act of 1940. Consult a qualified financial professional before making any investment decision. © Zidle Macro Strategy Group. All rights reserved.

© 2026 Zidle Macro Strategy Group. All rights reserved.

Privacy Policy • Terms of Service • Disclosures