Commentary
After a strong first quarter, the historically robust market month of April is suffered a bad spell. The main culprit is inflation, as Fed Chair Jerome Powell confirmed last week that there has been a “lack of progress” on the inflation front recently, so it will take more time for the Fed to reach its 2% inflation goal and start cutting key interest rates. However, with the presidential election season nearing full stride, the Fed may want to stay out of the fall political season and start cutting sooner.
