Wait And See.
It was a jittery week for stocks during which data was released that confirmed that the American consumer may be putting the brakes on spending and that the rate of inflation is decelerating at a slower pace. Markets chose to focus on the fact that stickier inflation likely means higher for longer when it comes to interest rates and that drove stock prices lower for the second week in a row.
After a quiet weekend on the newswires and with CPI and PPI inflation due out later in the week with the potential to impact interest rate cut expectations and perhaps remembering how last month’s…
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