Reported 7 months ago
In May, the CPI showed a slowdown in inflation, which may not be enough to prompt the Federal Reserve to cut interest rates during its June FOMC meeting. Apple's shares reached a record high following announcements at the Worldwide Developers Conference. Stock futures are up due to the CPI data, hinting at a possible change in Fed rates. This is a summary of key information presented in the article.
Source: YAHOO