report released by the Labor Department on Wednesday. Instead of rising, the CPI stayed flat from the 0.3% uptick in April. Against the core estimates of 3.5% annually and 0.3% monthly, core CPI for May was 3.4% and 0.2%, respectively.
In turn, this gives the Federal Reserve more space to cut rates. Given that the shelter index rose by 0.4% in May, the central bank could suppress it by cutting rates, which would lower mortgage rates. Moody’s Chief Economist Mark Zandi believes that the Fed already achieved its objectives when looking at the whole macro picture.“To me they’ve achieved their objective.
Even Tesla’s Optimus robot has become more concrete, with a price tag between $25,000 and $30,000. Is now a good time to make a TSLA entry? At a price of $178, TSLA shares are still far from the 52-week average of $219.62. Over the last three months, the stock has been moving sideways, dropping by only 0.7%, suggesting a stable starting point before another rally.Utility stocks can be used to gauge the macro environment.
The company offers a 3.32% dividend yield to shareholders at an annual payout of $1.2284 per share. In the last three months, WTRG stock is up 4% to the present price of $37.42, aligning with its 52-week average of $36.90 per share. Nasdaq’s forecast twelve months ahead puts the average WTRG price target at $42.5 per share.) stock as a hedge against inflation, in addition to exposure to generative AI infrastructure.
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