ReCAP

Summary The month of June opened with an unexpectedly weak jobs report, followed by a higher than anticipated May CPI release. Despite this news, capital markets responded with resiliency with stocks and bonds gaining through the first half of the month. On June 16th, the Federal Open Market Committee (FOMC) responded to the economic data…

Summary The global economy continued its uneven emergence from the pandemic, causing equity markets to remain volatile in May. In the U.S., worries of an overheated economy and possible inflation drove equity trading. However, the domestic job market continues to see elevated unemployment with emergency Federal unemployment benefits scheduled to wind down later this summer….