TLT - What Might The Fed Do After May 2024's CPI Report
2024-06-07 09:00:00 ET
Summary
- Investors are watching the upcoming Consumer Price Index (CPI) report to anticipate the Federal Reserve's actions.
- The Bank of Canada has cut rates, making it the first G7 nation to do so after raising rates for four years; the ECB followed on Thursday.
- The May CPI report is expected to show increases in apparel prices and decreases in energy prices and vehicle prices.
- Stock selections discussed.
One of the main reasons that astute investors watch the Consumer Price Index report is to anticipate what the Federal Reserve might do. After the Nasdaq ( QQQ ), S&P 500 ( SPY ), and Dow Jones traded near their all-time highs, markets may pay attention to the upcoming report. The iShares Russell ( IWM ) is a better indicator of the market's health. It hovers close to a 52-week high but is still off its peak in 2021....
What Might The Fed Do After May 2024's CPI Report