US CPI and Fed double bill leads US stocks to fresh highs

After US consumer prices for May rose by slightly less than expected, the US Federal Reserve yesterday left its policy rate unchanged, as anticipated, but dialled back its expectations for interest-rate cuts, now pencilling in just one for the rest of the year. Carsten Menke, Head of Next Generation Research, gives an update on the gold market and central bank purchases. And Nicolas Jordan, CIO Strategy & Investment Analysis, provides a rundown of the latest news from the CIO Office.00:00 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Jonti Warris (Investment Writing)06:16 Gold/PBOC halt in purchases: Carsten Menke (Head of Next Generation Research)10:17 Latest news from the CIO Office byLatest news from the CIO Office byNicolas Jordan (CIO Strategy & Investment Analysis)13:40 Closing remarks by CIO Office by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.