5 Broker-Favored Stocks to Watch as Inflation Woes Resurface

The hotter-than-expected inflation reading for March has dashed hopes of a June interest rate cut by the Fed. Per data from the Labor Department, the consumer price index rose 0.4% sequentially in March, surpassing economists’ expectations. On a year-over-year basis, the Consumer Price Index rose 3.5% in March, beating the consensus estimate of a 3.4% increase. Moreover, the March rise, following a 3.2% jump in February, was the highest since September 2023.The unfavorable inflation data has led to a rise i ...