Inflation Report Surprises Higher

In their latest commentary, the Cetera Investment Management Team discusses the recent consumer price index report that came in hotter than expected. Investors had been bidding up stocks in hopes for a weaker report that would trigger the Fed to raise rates by only 0.50% vs 0.75%. The new report seems to cement at least a 0.75% rate hike and stock markets are adjusting. However, there are signs inflation may be easing in the future.

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