The US Stock Market s Outlook: Further Gains in 2024 Mainly Dependent on Rate Cuts? internationalbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationalbanker.com Daily Mail and Mail on Sunday newspapers.
Sky-high inflation rates are affecting the price of swaths of everyday goods and services across the United States, leading to record-high fuel prices and eye-popping grocery bills.
Low inflation had spoiled U.S. investors for so long that last year’s sudden surge came as a shock. As those who lived through the late 1970s and early 1980s can attest, inflation can be a “portfolio killer” because it erodes purchasing power. Inflation revved up to 7% in December compared to the year prior, the .