Market Minutes for May 20, 2024
By Alan Rhode
This past week, the headline Consumer Price Index (CPI) saw a modest increase of 0.3% month-over-month and 3.4% year-over-year. Additionally, the Producer Price Index (PPI) rose by a higher-than-expected 0.5% month-over-month, indicating potential inflationary pressures. Meanwhile, retail sales remained flat in April, falling short of market expectations and suggesting a cautious consumer outlook. Looking ahead, … Continued