The latest inflation uptick means the Fed will likely raise interest rates one more time

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. Equities gain Knives out on Oracle A bold move on Ford 1. Equities gain, despite inflation uptick Stocks edged up in midmorning trading Wednesday — the S & P 500 was 0.23% higher — even as the monthly consumer price index showed inflation climbed more than expected last month. The CPI rose a seasonally adjusted 0.

We continue to see the sell-off as overdone and a clear-cut buying opportunity. The stock stabilized Wednesday and was trading up 0.88%, at $110.59 a share. 3. A bold move on Ford UBS initiated coverage of Club name Ford with a buy rating and $15-per-share price target ahead of an increasingly likely strike . The firm thinks revenue from the higher-margin Ford Pro segment is key to keeping earnings more resilient than expected, arguing Pro software could create long-term upside over time.

Source: Loan Digest (loandigest.net)

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