Sell in May and…Not So Much: Fed Kicks of 2-Day Meeting as Inflation Target Hits
The “big news”, maybe, headline yesterday was delivered through the Personal Consumption and Expenditures (PCE) data. The inflation gauge rose to a 12-month rate of 2%, hitting the Federal Reserve’s target for the first time in nearly a year. The 12-month increase in core rate of inflation was close behind, rising to 1.9% in March…
