U.S. Inflation Cools, Rates Remain Unchanged
Dear valued client,Markets reached new all-time highs (again) this week following U.S. inflation figures. The CPI came in at 3.3% south of the border in May (compared to 3.4% in April and 3.5% in March). Despite cooling inflation, the Federal Reserve remains cautious. Interest rates held steady at a 23-year high of 5.25%–5.5% for the seventh […]
