7 Stocks to Scoop Up as Last Week's CPI Shifts Market Sentiment

The latest CPI report indicated that inflation is once again cooling. CPI only increased by 3.4% year-over-year and was up by 0.3% in April. While inflation can still ramp up as it did in the first quarter, any deceleration can prompt the Federal Reserve to reduce interest rates sooner.Investors are starting to anticipate that scenario and have been accumulating more stocks. Equities tend to perform well during interest rate cuts since lower rates reduces the cost of borrowing money. Those lower interest ra ...