Fast Money Blog- 4/14/23
On Wednesday, April 12th, the CPI data was released.
According to the latest data from the Bureau of Labor Statistics, inflation has dropped for a ninth straight month in March. Right now inflation is at 5%, down from 6% in February and down from 9.1% in June of 2022.
This dramatic decline in inflation is giving the stock market reasons to rally.
Over the next 13 weeks, I except to see dividend paying stocks increasing in value across the board.
Tyrone Jackson, The Wealthy Investor