Stocks surge despite "worrisome" inflation report, as businesses absorb higher costs without passing them on to consumers.
Stocks are surging despite a "worrisome" inflation report as investors are concerned about "sticky" inflation possibly flatlining at 3% for months. This could lead to the Federal Reserve raising interest rates, straining the economy and potentially causing a recession. However, stocks are soaring due to businesses absorbing higher input costs without passing them on to consumers, resulting in a soft CPI report. The stock market's focus on details and potential inflation trends is crucial for making money.
May 14, 2024
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