I believe investors are now looking for new signals regarding when the Federal Reserve (Fed) will begin cutting interest rates. They are awaiting the FOMC minutes to better understand officials' views on policy regarding interest rate expectations.
Inflation fell as expected in April, indicating resumed progress in inflation control policies after failing to do so from January to March. Since the last Fed meeting was held before the latest inflation reading, it is expected that statements and projections from Fed officials regarding interest rates will be considerably hawkish.
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