Published on 15 Mar 2023 on Zacks via Yahoo Finance
The annual inflation rate in the United States slowed to 6% in February of 2023, the lowest since September of 2021, in line with market forecasts, and compared to 6.4% in January.
Compared to the previous month, the CPI increased 0.4%, following a prior 0.5% gain and also matching forecasts. The core rate, however, inched up to 0.5% from 0.4%, compared to forecasts of 0.4%.
Against this backdrop, we suggest a few sector ETFs that can be worth investing at the time of rising inflation. Below we highlight those.