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LifeInvest Monthly

June 2024

In May, the Fed decided to keep interest rates unchanged. At the beginning of 2024, three rate cuts were anticipated starting in June, but now a cut is expected in the last quarter of the year or even that 2024 will end without changes in rate levels.


INDICATORS
indicators


SECTOR PERFORMANCE

In May 2024, key US macroeconomic data showed several important trends:


  1. Inflation: The Consumer Price Index (CPI) rose 0.3% in May, bringing the annual rate to 3.4%, reflecting a moderation in inflation compared to previous months.


  2. Employment: The unemployment rate remained stable at 3.9%, while the change in non-farm employment was 175,000 new jobs. The average hourly wage rose to $34.75.


  3. PMI (Purchasing Managers’ Index): The manufacturing PMI rose to 51.3, indicating a moderate expansion in the manufacturing sector


These data suggest a moderately growing economy with signs of stabilization in the labor market and control of inflation.

 
Economic Calendar
  • 07/06 Job Creation Figure (Mar)

  • 07/06 Unemployment Rate

  • 12/06 CPI MoM

  • 12/06 CPI YoY

  • 12/06 FOMC Rate Decision


 

LifeInvest Wealth Management


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