Inflation is hot—and that’s cooling off plenty of companies’ earnings. But not all of them, and those are the stocks to scoop up now.
The latest consumer price index, out Thursday, showed an annual inflation rate of 7.5%, higher than the 7.2% that economists had forecast. Prices are increasing at their fastest pace in 40 years. The Fed is now in inflation-fighting mode and appears set to raise rates at least seven times by the end of the year, far more than had been expected at the end of 2021.
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