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Inflation data resumed its downward trend after providing some cause for concern in April.
Rates and markets both turned mid-May, with higher rates weighing on headline indices in the US.
US equities ended the month higher, with the S&P 500, Dow Jones Industrial Average, and Nasdaq returning 4.96%, 2.58%, and 6.39%, respectively.
What’s New
Following a couple of months of macroeconomic surprises, May seemed to be a quieter month. Inflation data resumed its downward trend after providing some cause for concern in April....