Market Confidence

Stick a Fork in Inflation

The June CPI report showed the lowest inflation in three years, making a Fed rate cut in September more likely. Housing costs, a significant factor in previous inflation, finally declined. With other sectors like airfares and vehicles also showing price drops, the report supports a “soft landing” scenario. This positive shift increases the odds of a rate cut and boosts market confidence, especially for Big Tech. As inflation pressures ease, the outlook for continued market strength looks promising.