June 17, 2024

Fed Gets Good Inflation Data

Latest Publications Fed Gets Good Inflation Data

Fed Leaves Rates Unchanged

It was a big week for economic news last week, with the Fed’s June FOMC meeting and two big inflation reports. May’s Consumer Price Index and Producer Price Index were released. While the Fed left the Fed Fund’s rate unchanged and lowered their rate cut expectations for the year, the inflation reports were promising and likely not factored into the Fed’s rate and inflation projections. Overall, investors viewed the weeks outcomes as positive and pushed the S&P 500 higher.

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