Weekly Market Commentary - 4 March 2024

This week investors breathed a sigh of relief as US core inflation resumed its downward trend. The Core Personal Consumption Expenditure Price Index is a significant measure of US inflation as it is closely watched by the Federal Reserve. After appearing stubbornly high at the previous two readings, the small move down this month has been welcomed by those concerned that central bank rate cuts were in danger of being delayed. We’ve also seen headline CPI inflation in Europe decline due to disinflation in France and Germany.

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