June Market Commentary 2018
June 6, 2018
The Federal Reserve increased their target range for interest rates by 25 bps to a range of 1.75% to 2.00%. The move comes as Personal Consumption Expenditures (PCE) excluding food and energy rose to 2.0%, in line with the Fed’s stated target. This is the first time that the core inflation measure has reached 2.0% since April 2012.