U.S. equity funds attracted significant inflows in the seven days to May 15, fueled by expectations of Federal Reserve rate cuts following subdued U.S. jobs data and a softer-than-anticipated inflation reading.
Investors pumped a net $5.78 billion into U.S. equity funds, the most in a week since March 20, data from LSEG showed.
Wednesday's report showing a slowdown in U.S. consumer prices boosted market anticipation of two rate cuts by year end. However, optimism has since waned again with the most recent jobs data on Thursday reflecting a still fairly tight jobs market.
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