Positive

From Yahoo Finance: 2024-06-12 15:32:38

A promising inflation print has economists feeling optimistic ahead of the Federal Reserve’s latest policy announcement. The Consumer Price Index for May showed the lowest yearly increase in consumer prices since July 2022, surprising experts. JPMorgan’s chief US economist suggested the data could lead to a more dovish outcome in the Fed’s interest rate projections. With recent positive inflation data and rising unemployment, some economists believe the Fed may need to cut interest rates soon to protect the labor market. It seems like a recalibration of monetary policy may be on the horizon.



Read more at Yahoo Finance: Stocks hold onto gains as Fed holds rates steady, inflation cools