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Inflation Reports Are Tame (Finally), but the Fed Keeps Stalling

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Inflation Reports Are Tame (Finally), but the Fed Keeps Stalling
The U.S. Department of Labor Building in Washington on March 26, 2020. Alex Edelman/AFP via Getty Images
Louis Navellier
Updated:
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Commentary

The big news last week was the slower growth of inflation, a meaningless FOMC meeting, and a decline in Treasury rates. Last Wednesday, the Labor Department announced that the Consumer Price Index (CPI) was unchanged in May, which was better than the economists’ consensus estimate of a 0.1 percent increase.

Louis Navellier
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
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