Published on 11 Dec 2023 on Zacks via Yahoo Finance
3 Large-Cap Growth Funds to Buy on Cooling Inflation in November
Impressive economic data has been giving a boost to investors’ confidence, which has raised hopes that the Federal Reserve may keep interest rates unaltered in its December policy meeting. This has seen markets rallying over the past month, with November emerging as the best month of the year so far.
The Dow, the S&P 500 and the Nasdaq ended 0.1%, 0.2% and 0.7% higher, respectively, last week. This came as inflation has been showing signs of a sharp decline over the past year.
CPI slowed further in November, rising 3.1% on a year-over-year basis, lower than October’s jump of 3.2%. Core CPI, which strips out the volatile energy and food prices, advanced 4% year over year in November, while it increased just 0.3% month over month.