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May Consumer Price IndexYahoo Finance
•88% Informative
Nasdaq and S&P 500 ended the week above 5,400 for the first time ever.
The Nasdaq closed at record highs for four straight days .
The May Consumer Price Index (CPI) showed "core" CPI, which excludes volatile food and energy categories, increased by 0.2% month over month , the lowest reading since June 2023 .
The Fed sees just one interest rate cut this year .
S&P 500 and Nasdaq hit four straight record closes last week as investors digested softer inflation readings.
The print helped markets remain optimistic on two interest rate cuts this year .
UBS Investment Bank's chief US equity strategist Jonathan Golub holds one of the highest year-end targets on Wall Street at 5,600 .
VR Score
95
Informative language
98
Neutral language
77
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English
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52
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