Economics May 2024 US CPI Report Falls Below Expectations, Market Reacts Positively
In May 2024, the US CPI report fell below market expectations, leading to a stock market surge. The Federal Reserve decided to maintain the policy interest rate at 5.25-5.5% with a revised outlook of a single 0.25% rate cut by the end of the year. Despite the slower pace of monetary easing, this balanced approach supports long-term investment strategies, particularly in core assets like the S&P 500 index fund.