Economic growth remains positive in May
MONTHLY MARKET COMMENTARY |
The Federal Reserve maintained interest rates in the target range of 1.50 percent to 1.75 percent during their May meeting. They noted during their statement and minutes that inflation continues to trend closer to their 2 percent target over the medium term, growth in the country remains positive and the labor market is relatively tight.
China bucked the trend of most emerging markets by finishing the month in positive territory. The largest boon to performance was the lightening of trade tensions between the U.S. and China. The market has remained hyper-focused on this development for the past few months and softer language has generally meant calmer markets.