Softlanding

Here's a note from Bank of America yesterday: April payrolls (175K) were lower than expected and April CPI (core: down to 3.6% y/y and 0.3% m/m) led the Fed to push its first rate cut from November to September . The yield on the…

Looking for new strategies for 2024? Explore the top trading ideas developed by DailyFX's team of experts Recommended by Diego Colman Get Your Free Top Trading Opportunities Forecast The Federal Reserve's unexpected…

Stock market gains today:The S&P 500 is up 1.9%The Nasdaq up 2.3%The Russell 2000 up 3.7%It's a bonanza in markets after US CPI was slightly lower than expected today. The market has priced out any further Fed rate hikes and is cheering…