Why some investors don’t mind waiting longer for rate cuts | CNN Business

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New York CNN  — 

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

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