Published on 7 May 2024 on Zacks via Yahoo Finance
3 Financial Mutual Funds to Buy Amid Higher Interest Rates
Inflation remains stubbornly high despite the Federal Reserve’s aggressive rate hike policy. This saw volatility return to markets in April after a Wall Street rally in the first quarter.
The Consumer Price Index (CPI), the Federal Reserve’s favorite gauge for inflation, rose 3.5% year over year in March after increasing 3.2% in February. Inflation has resumed its climb after falling below 3% in December 2023.