URL details: thomasdsimpson.com/2024/06/22/did-the-may-cpi-seal-the-deal-for-fed-rate-cuts/
URL title:
Did the May CPI Seal the Deal for Fed Rate Cuts? – Thomas D. Simpson, PH.D.
URL description:
The CPI for May prompted euphoria in financial markets and restored expectations of rate cuts by the Fed in the months ahead — the first in September and another by year-end. The S&P 500 stock index rose nearly 1 percent on the day and tacked on another ¼ percent gain the following day. May CPI…
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