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Markets have been straining under challenges aggravated by the financial sector chaos and several macroeconomic headwinds. Consequently, the magnified recessionary concerns and associated volatilities are anticipated to persist for a while.
Therefore, investors might delve into some quality ETFs, Vanguard FTSE Developed Markets ETF (VEA), Vanguard FTSE Emerging Markets ETF (VWO), and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) this month.
The Consumer Price Index (CPI) rose just 0.1% month-over-month in March and 5% from a year ago, below the estimates of 0.2% and 5.1%, respectively. However, core inflation grew by 0.4% for the month and 5.6% year-over-year.
Talking about the likelihood of a future rate hike, economist Sung Won Sohn, president of SS Economics and Loyola Marymount University professor, said in a statement, “On the surface, price pressures are lessening. But when the box is opened, [core inflation] accelerated to the highest rate since May 2021. This is well over the 2% target set by the central bank.” He anticipates…
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