This week’s solid performance among the major U.S. stock indexes comes as a rebound to last week’s sell-off triggered by the Federal Reserve’s surprise policy shift.
For June, the S&P 500 and Nasdaq Composite are in the green, rising 0.9% and 3.8%, respectively. However, the Dow is negative for the month.
Still, inflation and the Fed remain of utmost importance in the months ahead, says UBS senior economist Brian Rose.
“As the economy recovers, we are seeing more examples of demand exceeding supply side capacity. This extends to the labor market, where more and more businesses report that they are struggling to find workers and job openings are at record highs,” he wrote.
