I’m catching up. May had fewer headlines, but they were pretty huge.
Page One
Leak from the Supreme Court that they will overturn Roe vs Wade, making abortion a state issue, not federal.
Economy/Markets
Federal Reserve raises rates 0.75% (huge raise). Equity markets rally 3% on the day.
Bank of England sees 10% inflation by the end of 2022
Markets crash. Bear market intraday, but not official as it did not close down 20% from highs.
S&P 500 streak of 7 straight down weeks finally breaks.
Other
monkeypox is a thing.
PS
Just when we thought SCOTUS was once again a bastion of decorum and collegiality, bam. I’m sure it all blows over by June, right? Ok, the media worrying kicks back into high gear next month: ESG, more inflation, and sriracha.
