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
Written by Sean Williams for The Motley Fool -> History has been commonplace in recent weeks, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all hitting new highs. The Iran war is wreaking havoc on prices, with trailing 12-month inflation rising from a rep
History has been commonplace in recent weeks, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all hitting new highs.
The Iran war is wreaking havoc on prices, with trailing 12-month inflation rising from a reported 2.4% in February to an estimated 4.18% in May.
The Cleveland Fed's Inflation Nowcasting tool estimates a modest decline in inflation for June -- but this doesn't tell the full story for the U.S. economy or Wall Street.
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.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Fed Chair Kevin Warsh took the reins amid a rapid rise in inflation. Image source: Official White House Photo by Daniel Torok.
However, Wall Street's bull market may be more tenuous than investors realize, thanks largely to a surge in inflation .
