Daily Market Report
➢ Gold Rebounds: Gold bounced back to $3,375 after dropping to $3,362 on Trump’s remarks
about potential talks with Iran.
➢ Fed Holds Rates: The Federal Reserve kept interest rates steady at 4.25%–4.50% and
projected two rate cuts later this year.
➢ 2025 Outlook Downgraded: Fed’s updated projections show slower 2025 GDP growth
(1.4% vs. 1.7%) and higher unemployment (4.5% vs. 4.4%).
➢ Inflation Expectations Rise: Core PCE inflation is now projected at 3.1%, up from 2.8% in
March.
➢ Labor Market Softening: Jobless claims rose to 245,000 as expected; continuing claims
slightly declined to 1.945 million.
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