Newsletter
NEWSLETTER: June 2024
Monday, June 17th
Dear Valued Client:
Brief Market Update: Please take a few minutes to read some brief comments on the markets and the current economic recession indicators.
- CPI CAME IN ABOVE EXPECTATIONS: The latest CPI number came in at 3.3% which was slightly lower than market expectation but still remains higher than the FED’s goal of 2%. The current reading was down from 3.4% the month before. Stagflation is still a real concern as the FED considers rate decreases.
- RATE DECREASES UNLIKELY UNTIL LATER IN THE YEAR: The FED kept rates the same after their June meeting and are now only forecasting one rate decrease later this year. Markets began the year with the expectation of 6-7 rate decreases.
- LATEST ECONOMIC INDICATORS: As of May 31st, the recession indicators show one indicator in expansion, three indicators signaling Recession and eight signaling Caution. The probability of a recession within the next 9-12 months remains at 52%.
Below are the latest economic recession indicators as of May 31st.
![](https://acutewealthadvisors.com/wp-content/uploads/2024/06/Market-Pic-700x492.jpg)
All the best,
Matt Deaton, Managing Partner
Acute Wealth Advisors
4856 E. Baseline Rd., Suite 104 | Mesa, AZ 85206
P: (480) 620-6907 | F: (800) 537-4185
Investment advisory services offered through Acute Investment Advisory, a Registered Investment Advisor. Insurance and annuities offered through Acute Wealth Advisors, LLC.