Leading Indicator Watch | July 14, 2023

AUTHOR: Kerry Hilsabeck, CFP®
TITLE:       Investment Adviser Rep
TAGS:   Jobs, CPI Yield Curve, S&P 500, Consumer Sentiment

Markets cheered the significant progress made towards cooling inflation for June this week. The Consumer Price Index (CPI)(Jun) fell more than expected for the month, dropping by .2% (MoM) and 3% (YoY). Core CPI (MoM)(Jun) also showed significant progress downward, with a .2% monthly rise (.3% expected) and a year-over-year rise of 4.8% (5% expected).

Be sure to check out more of last week’s leading indicators [here] and stay tuned for Market Thoughts.

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