Unify Financial Advisors Weekly Market Update
Weekly Highlights
Wall Street closed mostly lower last week, with the S&P 500 declining 0.47%. Trade tensions with China weighed on investor sentiment, while a new U.S. and U.K. trade agreement provided some relief. Crude oil prices dropped to their lowest levels since early 2021, helping fight inflationary pressures. The Federal Reserve left interest rates unchanged at 4.25 – 4.5%.
Looking Ahead
Inflation will take center stage this week as investors digest April data from the Consumer Price Index (CPI)and Producer Price Index (PPI). Both readings declined in March, but investors will be watching closely to see if inflationary pressures are starting to resurface.
For a more detailed analysis of last week’s markets and economic trends, check out the latest issue of Market Week.
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Regards,
David Bennett