Archive for June 2024

Without major economic news that could have provided further information on the evolution of U.S. inflation trends, U.S. equity markets traded a new high last week, with the S&P 500 briefly touching 5,500. Interest rates and inflation Following the last Federal Open Market Committee meeting, where Federal Reserve officials signaled their intention to proceed with…

Last week’s events perfectly illustrated the major drivers of the financial markets in 2024. Apple reached a new valuation high as investors celebrated the company’s advancements in artificial intelligence. Meanwhile, May’s Consumer Price Index (CPI) numbers indicate that inflation is continuing its slow descent towards the 2% target. Additionally, the Federal Reserve kept interest rates…