- Emerge
- Posts
- Consumer inflation concerns decline
Market Overview
Year To Date Performances:
| Dow Jones | 34,212.12 | 3.25% |
| S&P 500 | 4,369.01 | 14.25% |
| Nasdaq | 13,573.32 | 30.68% |
| Rusell 2000 | 1,896.33 | 8.32% |
| TSX | 19,990.40 | 2.81% |
| Bitcoin | $25,856.80 | 56.43% |
| Ethereum | $1,737.88 | 45.37% |
| US to Canadian Dollar | $1.33 | -1.87% |
Consumers are less concerned about inflation. According to the NY Fed's May Survey of Consumer Expectations, people's short-term inflation expectations (for the next year) fell to 4.1%, the lowest since May 2021. However, expectations for the medium-term and long-term ach increased slightly.
Americans are less optimistic about wage increases in the next year. The average American expects their wage to increase by 2.8% in the next 12 months. That figure was over 3% a month ago. On the bright side, the amount of people expecting to be laid off in the next year is at a 14-month low.
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Headlines
Yesterday, the S&P 500 and Nasdaq reached their highest closing levels since April 2022.
Antitrust regulators in the European Union are considering separating Google's ad-tech business as they scrutinize a new antitrust complaint against the tech giant.
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