*WALL ST. WEEK AHEAD: U.S. CONSUMER PRICE INFLATION DATA TO TEST FED PAUSE BETS $DIA $SPY $QQQ 🇺🇸🇺🇸
). “Inflation is a lot higher than the Fed thought it would be, and it’s coming down at an extraordinarily slow pace while we think the economy has already hit its high water mark for the year.”
Still, bets in futures markets continued to show traders pricing interest rate cuts later this year. Policymakers have insisted they will keep rates at around current level for the remainder of 2023 after raising them another 25 basis points this week. He has become more bullish on dividend paying stocks in sectors such as utilities, expecting the extra income to buttress returns as inflation weighs on equity valuations and the S&P 500 treads water.
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