Week Ending: September 11th, 2026

Inflation is Increasing Pressure on the Fed. Economic data releases were light this week given the US holiday with the most important readings coming from inflation. Both consumer (3.4%) and producer (5.4%) inflation remained well above the Fed’s target, increasing the probability of a rate hike starting as early as next week. Jobless claims were slightly above forecasts though continued stabilization in the labor market remains apparent. Consumers nonetheless remain worried –University of Michigan Consumer Sentiment remains near all time lows and wages are struggling to keep up with inflation. We expect a persistently K-shaped economy as a result, with consumers lagging investment trends.

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Gina Martin Adams, CFA, CMT

Chief Market Strategist, Shareholder

Gina Martin Adams, CFA, CMT, is the Chief Market Strategist for HB Wealth. With more than 25 years of experience at leading global financial institutions, Adams brings deep expertise in market analysis, thematic research, and translating complex economic trends into actionable strategies. She collaborates with HB Wealth’s investment team to deliver timely market perspectives, share actionable insights, and enhance the firm’s visibility as a leading voice in the industry. She contributes to advancing proprietary research, supporting the development of new investment products, and enhancing the client experience through thought leadership and education. She pursues a top-down perspective and model-based approach, leveraging fundamental, technical, and quantitative perspectives to inform investment decisions, and frequently presents her views in the media and at industry conferences, professional associations and investment organizations.

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Adam Shealy, CFA

Senior Market Strategist, Director of Fixed Income

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Michael Casper, CFA

Director, Senior Market Strategist

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Max Hurd, CFA

Associate, Investment Research

Matthew Sanders

Senior Investment Research Analyst

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