MSCI World ETF (URTH) Rally Just Ran Into Hot CPI, a Fed Handoff and an MSCI Rebalance
The iShares MSCI World ETF edged lower on Tuesday, pulling back after hitting record highs as U.S. inflation numbers came in above forecasts. Investors were also keeping an eye on an MSCI index review set for later. URTH hovered around $200, off roughly 0.4%. That matched the dip in the SPDR S&P 500 ETF and fared a bit better than the iShares MSCI ACWI ETF, which slipped about 0.8%. Not the best timing. According to the Bureau of Labor Statistics, the consumer price index climbed 0.6% in April and landed 3.8% higher than a year ago. Over the past 12 months, energy costs surged 17.9%, stirring up the rate-cut debate again—with global equity funds still heavily tilted toward AI and