Your Capital Markets Snapshot: Equity Markets Saw Record Highs This Week

The equity markets saw record highs this week following some optimistic news on the inflation front. Wednesday’s release of the April Consumer Price Index (CPI) came in below expectations with a monthly increase of 0.3%. Core CPI, which excludes the volatile food and energy sectors, was reported in line with analyst estimates and fell to its lowest reading in 3 years. While the data is still not at the Federal Reserve’s annualized target level of 2.0%, the reading was the first in four months that did not exceed economists’ estimates.