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 4 min read

Persistent Inflation and the Bifurcated Economy

The April PCE report confirms what the many already suspect: inflation is not retreating. Headline PCE rose to 3.8% year-over-year, the highest since May 2023. When inflation persists at these levels for half a year, it stops being transitory. But I'm optimistic that the economy keeps growing.

May 28, 2026 by Joe Zidle

This post is for subscribers on the The Outsourced Research CIO, The Briefing and The Briefing tiers only

Subscribe now

Already have an account? Sign in

macro & strategy

More in

View All →
macro & strategy Free Oct 6, 2026

Last Call (With News to Follow)

Today is my last note for ZMS. When I launched this newsletter, I didn't know what to expect. I had a view of the world, and a blank page. What came back was overwhelmingly positive and, frankly, humbling. Thank you all for coming along with me on this journey. Watch this space for the news.

Read Analysis
macro & strategy Free Sep 29, 2026

The Funding Circle Gets Bigger

Alarm bells are ringing over the financing AI infrastructure. I share those concerns. Like every major innovation, AI will end up overcapitalized and eventually bust, while delivering massive productivity gains. I'm an AI optimist and a financial realist. The two are not mutually exclusive.

Read Analysis
macro & strategy Free Sep 24, 2026

Stronger for Longer

Oil sold off hard last week on hopes of a breakthrough with Iran. It is back near $95 today, after Tehran said it would keep restricting passage through the Strait. The bigger story came out yesterday: U.S. factories are running stronger for longer.

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