Market Watch – May 4, 2018
Big Picture
By Bill Curry
Inflation Concerns Weighing on Investor Sentiment
U.S. inflation hit an important milestone early this week. Data released Monday showed the Commerce Department’s price index for personal-consumption expenditures was up 2% from a year earlier in March, the first time in more than a year it was on target. Despite the news, the Federal Reserve on Wednesday held interest rates steady, leaving it on track to raise borrowing costs in June. While the Fed’s latest announcement has eased some short-term concerns, the threat of higher rates moving forward remains in focus.