Weekly Market Update – June 17, 2019

 

Last Week

  • U.S. Inflation Data Disappoints – Headline Consumer Price Index (CPI) data dropped to 1.8% year-over-year in May while core levels ticked down to 2%.
  • Global Political Tensions Challenge Investors – Financial markets sorted through a number of political developments globally last week.
  • Chinese Growth and Trade Indicators Mixed – Investors have been monitoring Chinese economic data closely since the U.S. imposed tariffs in 2018.

This Week

  • Fed Expected to Clarify Policy Stance s Investors Call for Rate Cuts -The June Federal Reserve meeting concludes this Wednesday, where the Fed is expected to clarify its stance on potential rate cuts in the near-term as well as release a new set of dotplot forecasts.
  • Manufacturing Expected to Rebound – With the exception of the U.S., all the major regions’ manufacturing Purchasing Managers’ Index (PMI) readings were in contractionary territory (below 50) in May.

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