The March CPI report showed headline annual inflation rising 3.5% compared to the 3.2% reading seen in February.
Join InvestingPro for under $9 a month for a limited time only and never miss another bull market by not knowing which stocks to buy! inflation report for March came in hotter than expected, providing further evidence that the Federal Reserve will be in no rush to start cutting interest rates anytime soon.While headline CPI has come down significantly from a 40-year high of 9.1%, the data confirmed that the decline in inflation that began in the summer of 2022 has all but stalled.
Taking that into consideration, the U.S. central bank will be in no rush to lower its key Fed funds rate after another hot inflation report. Subscribe now for less than $9 a month and see all the stocks in our strategies for sustained market outperformance My focus was on diversified companies that are defensive and demonstrate solid profitability, a healthy balance sheet, strong growth prospects, and resilient dividend payouts thanks to their market-leading position.With InvestingPro's stock screener, investors can filter through a vast universe of stocks based on specific criteria and parameters to identify cheap stocks with strong potential upside.
Source: News Formal (newsformal.com)
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