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credit e. claims I'm Kelly O'Grady and this is the Fox Business Rundown.

It's Friday, June 14, 2024, May C. P. P.

May, C. P. P. P. P.

numbers show that the rate of inflation is slowing, but the Fed is still cautious to cut rates like Americans

had expected.

I do also believe that even within the market, there's some real now greater anxiety but as long as the

Fed aid does not hike rates as long as they say they're not going to hike rates that's

something of a tail went for the stock market which again can always find a narrative to go higher.

So we got another decision from the Fed on Wednesday.

They're holding rates steady, surprise surprise.

Now Chairman Jerome Powell sets.

We're looking for something that gives us confidence

that inflation is moving sustainably down to 2%.

And readings like today's, you know,

that's a step in the right direction, but you know, one reading, it's only one reading.

You don't want to be too motivated by any single beta point.

But there was good news from the Consumer Price Index in May.

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