Sometimes, a single new data point can break up the most complacent of outlooks. After 10 months of markets trending down, inflation rising, and the Federal Reserve hiking interest rates, it was only natural to assume that the rest of the year held more of the same. And then October’s inflation print broke that mold. It came in at 7.7% annualized, significantly less than the 8% expected. While still near 40-year highs, and still up 0.4% month-over-month, the October number indicates that the rate of increase may be slowing down. It’s not the end of inflation, but it has given investors a ray of hope. The S&P 500 jumped 5.
https://www.tipranks.com/news/article/inflation-at-7-7-2-strong-buy-dividend-stocks-that-beat-this-rate?utm_source=advfn.com&utm_medium=referral
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