Michael is director of fixed income trading for Commerce Trust Company. His responsibilities include supervising the fixed income trading group along with managing and trading corporate bonds, Treasury and Agency positions for institutional clients and Commerce Bank. He is the author of the Fixed Income Income Commentary and contributes to the annual and mid-year Outlook. He is a co-manager of the Commerce Bond Fund and the Commerce Short-Term Government Fund and a member of the Commerce Bank Volcker Rule Committee. He spent much of his initial career as a portfolio manager with General American (a subsidiary of MetLife), managing large institutional bond portfolios and separate accounts. Prior to joining Commerce, he spent three years with Fifth Third Bank Investment Advisors where he managed fixed income and equity portfolios for foundations, trusts, and high-net-worth individuals. Michael graduated from Marquette University with a bachelor of science degree in finance and economics and earned his master of business administration degree at Drake University. Michael is a Chartered Financial Analyst (CFA®) and is a member of the CFA Society of St. Louis. He is a past president and a former board member of the CFA Society of St. Louis. Michael is currently the president of the board of directors for Trailnet, a non-profit organization dedicated to connecting the St. Louis metropolitan area with safe walking and bicycle paths.
For nearly a decade we have grown accustomed to the idea that inflation was off the table as a concern for the U.S. economy, even lulling the Federal Reserve (Fed) into first calling its sudden resurgence last summer a “transitory” event.
