Schroders Global Market Outlook
14 June 2024
Global markets rebounded in May after a shaky April. After a string of higher than expected inflation prints, the market was anticipating a more hawkish tilt from the US Federal Reserve (Fed). However, Jerome Powell doubled down on his dovish stance saying that it was unlikely the next move would be a hike. This caused all assets to rebound in May after selling off the month prior as the market shifted away from higher for longer and back to a more goldilocks view of the world.