US Markets
US Markets Highlights — Aug 20, 2026 | Aivina
August 20, 2026
US equities, led by technology, saw the S&P 500 and Nasdaq achieve new record highs. May's CPI data revealed inflation eased more than anticipated, providing a positive signal. However, the Federal Reserve maintained current interest rates and adjusted its dot plot to project only a single rate cut for 2024, reflecting a cautious monetary policy stance.
Highlights
- Tech-led rally propelled S&P 500 and Nasdaq to new record highs.
- May's Consumer Price Index indicated inflation easing more than anticipated.
- Federal Reserve held rates steady, projecting only one cut for 2024.
Macro Overview
Inflation
May CPI eased to 3.3% YoY, with core at 3.4% YoY, both softer than expectations, showing progress.
Interest Rate Outlook
Fed held rates; dot plot signals one 2024 cut, down from three, indicating a more cautious stance.
Risk Sentiment
bullish
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