Fed's June Inflation Forecast Shows Mixed Signals for Wall Street

Macro
โดย The Motley Fool·Read original
Summary · why it matters

The Federal Reserve's latest June inflation forecast presents a mixed picture for Wall Street. According to the Cleveland Fed's Inflation Nowcasting tool, trailing 12-month inflation is expected to modestly decline to 4.01% in June from a three-year high of 4.2% in May, as crude oil prices have eased amid progressing U.S.-Iran peace talks. However, the Core Personal Consumption Expenditures estimate remains flat at 3.3%, suggesting inflationary pressures are spreading beyond energy and food. The quarterly dot plot shows nine of 18 FOMC members anticipate higher interest rates by year-end, which could challenge a historically pricey stock market.

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