NewsNovo
Two years of inflation firefighting, and the Federal Reserve is finally reaching for the champagne — or at least a modest glass of sparkling water.
Wednesday's signal of a 25-basis-point cut at the June meeting, arriving alongside a CPI print of 2.4% year-over-year, marks the clearest confirmation yet that the tightening cycle's long shadow is lifting from the SPX.
The argument here is simple: this is not a dovish accident. It is a deliberate, sequenced pivot.
Price growth at 2.4% — the softest reading in over a year — gave the FOMC the political and empirical cover it needed to move.
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