A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.
Wall Street struggled this week to accept the cold reality that the Federal Reserve likely won’t cut interest rates any time soon. But higher-for-longer rates are far from a death knell for stocks.
Piping-hot inflation data released Tuesday proved a tough pill for traders to swallow. Stocks and bonds both sold off as investors painfully recalibrated
→ Continue reading at CNN - Business News