FEATURED MARKET DATA

Soft Landing Narrative Returns
While the first quarter brought stronger than expected inflation and growth, economic data cooled in the second quarter. Core month-over-month CPI rose a faster than expected 0.4% in each of the first three months of the year but slowed to 0.3% and 0.2% in April and May, respectively. Core PCE, the Fed’s preferred measure of inflation, slowed even more to 0.1% in May.

by Laura Fox