Home News Closing the Chapter On Inflation? ETFs to Watch

Closing the Chapter On Inflation? ETFs to Watch

July 19, 2024

by Yashwardhan Jain
Yahoo! Finance

Recent data by the Bureau of Labor Statistics showcased a favorable trend in inflation levels in the month of June. According to Yahoo Finance, the Consumer Price Index (CPI) surpassed economists’ expectations, falling 0.1% from the month of May, contrary to the forecasted rise of 0.1%.

However, with inflation still remaining above the Fed’s benchmark target of 2%, this marks the first negative monthly headline CPI since May 2020, along with the slowest annual price increase since March 2021. The favorable inflation data makes rate cuts in 2024 more likely.

According to the CME FedWatch Tool, the Fed may begin reducing interest rates from September, this year, with a 91.6% probability that they will decrease to 5-5.25%.

Continue Reading at Finance.Yahoo.com…

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