Morning Note | May 27, 2022
Good Morning!
Stock futures are up for the fourth straight day signaling an end to eight weekly declines. The latest economic data from the Fed shows that PCE inflation slowed in April to +4.9%. We have month-end rebalancing today (not Tuesday) which could drive some outperformance.
PCE inflation was +4.9%, down from +5.2% in March. While still eleva…
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