The Federal Reserve's June Inflation Forecast Is In, and It's Not Nightmare Fuel for Wall Street for the First Time in Several Months
There's a silver lining in the Fed's initial June inflation forecast -- but we're nowhere close to being out of the woods.
The Federal Reserve's June Inflation Forecast Is In, and It's Not Nightmare Fuel for Wall Street for the First Time in Several Months
Overview
It's been a history-making past month for Wall Street. We've watched the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all gallop to fresh highs, as well as witnessed a rare changing of the guard at America's preeminent financial institution, the Federal Reserve. May 15 marked Jerome Powell's final day as Fed chair, with successor Kevin Warsh officially sworn in on May 22.
Seemingly, nothing can disrupt the stock market's historic bull market rally, which has been powered by jaw-dropping spending on the artificial intelligence (AI) data center build-out.
Fed Chair Kevin Warsh took the reins amid a rapid rise in inflation. Image source: Official White House Photo by Daniel Torok.
Details
Source
Originally published at www.fool.com.
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