Weekly Commentary | June 16, 2024 | CEF Holders Are Winning. Discounts Tightening
Summary
US inflation reports led to lower interest rates and higher stock prices, with the S&P 500 up 13.9% for the year.
Fed held rates steady, with only one hike expected for the rest of the year and a 2024 inflation view of 2.8%.
Emerging sovereign debt crisis in Europe may lead to a rise in the dollar value versus the euro.
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