3 Inflation-Proof Stock Picks Following Tuesday's CPI Report

Tuesday’s U.S. Consumer Price Index (CPI) inflation report showed inflation rising faster than expected in January. The cost of housing increased by 0.6%, indicating underlying inflation pressures remain strong. Investors had been pricing the Federal Reserve (Fed) to cut interest rates in May, but that has been postponed to June following the release. The hawkish inflation figures saw the Dow Jones Industrial Average (DJIA) recording its worst day since March 2023 and the Russell 2000 shedding 4%. That happ ...