Inflation Damnation. 2 Stocks to Sell, 1 to Buy

For the first time in four years, inflation finally fell. In June, the Consumer Price Index (CPI) slipped 0.1% to 3%. Baby steps. Yet it has given rise to the hope the Federal Reserve will cut interest rates as soon as September. After an unprecedented series of 11 hikes over the course of a year beginning in 2022, we may begin to see them head lower again.Just don’t hold your breath. There is a lot of time between now and when the Fed bank presidents meet again and we could always see inflation in July and ...