As Inflation Withers, The Fed Remains Behind The Curve
1. S&P 500 dropped -1.13% amid geopolitical tensions in the Middle East. 2. May CPI showed inflation below market expectations, indicating deflationary trends. 3. Jobless claims rose, suggesting weakness in the labor market. 4. Market predicts no Fed rate cuts until September, impacting S&P 500 sentiment. 5. Mixed performance for major tech firms, affecting overall market mood.