📌 Your Midweek Bulletin – June 12, 2024

May's CPI number was better than analysts expected... New to the Digest? [Click here.]( [Manward Digest] What a Better-Than-Expected CPI Number Means for Stocks [Alex Moschina] Alex Moschina Publisher No one envies Jay Powell. On Monday, the poor fellow was the recipient of not one but two single-spaced letters from Congress, urging the Fed Chief to cut interest rates. "This sustained period of high interest rates is already slowing the economy and is failing to address the remaining key drivers of inflation," congressional members wrote. "Furthermore, the European Central Bank (ECB), which like the Fed has a mandate to steer inflation towards a target of 2%, cut interest rates for the first time in five years. It's time for the Fed to do the same." That may sting. (No one likes being told how to do their job.) But it gets worse... [[🔍 Nvidia's Hush-Hush Deal Revealed: Amazon Is Investing Millions in This Unknown AI Chip Maker! 💸]( When asked if he would fire Mr. Powell if given the chance, Former President Donald Trump recently told reporters, "Well, I know a lot about firing people..." He later added, "With me, interest rates are coming down." Yikes. We already covered some of the [ways sky-high rates are hurting American consumers]( right now. So, we can imagine the head of the Federal Reserve breathed a sigh of release this morning when he read the news... [Yahoo Headline]( (Source: Yahoo) CPI numbers for May show that inflation rates are slowing for another consecutive month. Analysts expected core CPI to increase by 3.5% last month... but it came in just under, at 3.4%. Markets quickly roared their approval. It's the little things... SPONSORED [Free Year - Voucher 1]( Just one more data point fueling investors' expectation that rates will start to come down. And it's more proof of what Shah noted in [his Monday Takeaways](... that this morning's CPI report - good or bad - would have an outsized impact on stocks. In the days leading up to the report, the S&P has been relatively flat. But just look at that big spike when markets opened this morning... [S&P 500]( [View larger image]( Investors bet big on the idea that we are about to see our first rate cut since March 2020. And when Jay Powell stepped to the mic this afternoon, he fanned those flames, acknowledging “modest further progress” in the fight against inflation. He then signaled that Americans would likely see s single cut before the end of 2024. SPONSORED [AI Could Go Supernova in 3 Months]( There are three steps you need to take to protect and grow your money when America is threatened with mass unemployment. [Yes, I want to read the free report.]( Of course, in the wake of this all, a nagging question remains. It's the same question investors - and consumers - have been asking for the past 50 months... When, exactly, will rates start to come down? Only Mr. Powell and his team have even the vaguest inkling. And, unfortunately, they learned a long time ago that markets will take off like a shot on even the most tepid news. In short: Rates will come down... when they come down. Maybe September? But let's not get ahead of ourselves. For now, the most unenviable man in finance will just have to put up with all the backseat driving and finger-wagging that comes his way. It's all part and parcel of life as a professional rate wrangler. Have a great week, Alex P.S. Did you see yesterday's piece from Robert? In it, he mentioned [three next-gen cryptocurrencies]( that he thinks could be bigger than Bitcoin. Considering Bitcoin's meteoric rise over the years, we wanted to make sure you didn't miss this opportunity. [Click here to learn more.]( What Else We're Talking About [Buy This, Not That: Telecom Stocks Are Sending Mixed Signals]( [Assorted telecommunications brands]( Telecom stocks can offer growth, value and even strong income. But not all telecoms are created equal... [Watch here.]( [The Best Time to Buy (and Sell) Your Crypto]( [Bitcoin watch]( Is now the perfect time to buy crypto? This easy-to-use indicator lets users know when to get in and out... [Keep reading.]( [Monday Takeaways: Incoming Big Tech Earnings Plus a Potentially Huge CPI Report]( [Stock market numbers]( Wednesday's CPI report could have a major impact on stocks. But there's a lot more this week you should be watching... [Watch here.]( Want more content like this? [YES]( [NO]( Alex Moschina Alex Moschina is the Publisher of Manward Press. A gifted writer, editor and financial researcher, Alex's career in publishing began more than a decade ago when he worked at one of the world's leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada. Was this email forwarded to you? [Click here to sign up!]( You are receiving this email because you subscribed to Manward Digest. To unsubscribe from Manward Digest, [click here](. Need help with your account? [Click here](. Have a question or comment for the editor? [Click here](mailto:mailbag@manwardpress.com). Please do not reply to this email as it goes to an unmonitored inbox. 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