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KG: Hot CPI Leaves Bulls with "A Lot More Work," Fed Rate Hikes Look Likely

Dela

Stocks are mostly lower in Tuesday trading following a hotter-than-expected CPI. Kevin Green says that even with the possibility of a 50-basis-point Fed rate hike, inflation data could look more promising by March 2027. He highlights rising at-home food costs as a glaring part of the report and expects more volatility if diesel prices continue to move lower. As KG touches on key areas of resistance on several indexes, he says there may be "a lot more work for the bulls" ahead.


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