CPI Cools: What it Means for Stocks & Consumer Sentiment
Schwab Network · Schwab Network
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Show Notes
Inflation shows signs of cooling, according to this morning's CPI report. Jay Hatfield notes a "big swing" in transportation services and a still-elevated shelter number, but he doesn't think investors should be "too concerned." Joseph Wang still believes the data signifies deeper Fed interest rate cuts than previously expressed. He says he wouldn't buy equities in current market conditions.
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