Macro Briefing: 16 May 2024
TutoSartup excerpt from this article:
* US stocks rally to record high after encouraging inflation data * Americans unexpectedly paused spending in April vs. March * US homebuilder sentiment in May weakens for first time in six months * NY Manufacturing Index indicates slightly faster contraction in May * US Core Consumer Inflation fall…
Macro Briefing: 16 May 2024
Author: James Picerno
* US stocks rally to record high after encouraging inflation data * Americans unexpectedly paused spending in April vs. March * US homebuilder sentiment in May weakens for first time in six months * NY Manufacturing Index indicates slightly faster contraction in May * US Core Consumer Inflation fall…
* US stocks rally to record high after encouraging inflation data
* Americans unexpectedly paused spending in April vs. March
* US homebuilder sentiment in May weakens for first time in six months
* NY Manufacturing Index indicates slightly faster contraction in May
* US Core Consumer Inflation falls to 3-year low in April:
US 10-year Treasury yield fell sharply on Wednesday after upbeat inflation news, settling at six-week low. The inflation data also fueled renewed expectations for rate cuts by the Federal Reserve later this year.
Author: James Picerno