Market Celebration Over Declining Inflation Cautioned by Experts
Inflation has plummeted from a blistering 9% last summer to 3% in June, and the stock market has rallied on hopes of a return to normalcy. But with prices still well above the Fed’s target, policymakers have signaled more rate hikes are on the table.
That means there’s a chance cooling inflation turns into outright deflation, which could eventually weigh on the labor market and stocks.
Read More : Market Celebration Over Declining Inflation Cautioned by Experts