In May, the US economy remained stable. Growth was primarily driven from increased fixed investments, personal consumption expenditures and federal government spending. US inflation climbed to 2% in May, meeting the Federal Reserve’s target. The Fed also decided to maintain current interest rates, keeping the range between 1.5% to 1.75%. The Bureau of Economic Analysis updated its first quarter US GDP growth estimated, increasing it 2.2%. US equity markets all surged in May, with the NASDAQ composite advancing the most, up 5.3% to 7,442.12. Year to date, the Index is up 7.8%. The S&P 500 also delivered solid growth, increasing 2.2%, 1.2% year to date, to close at 2,705.27. Following, the Dow Jones Industrial Average climbed 1.0% for month, finishing at 24,415.84. However, the Dow is down 1.2% year to date.