5 Consumer Staples Stocks to Buy as Inflation Rises in February
Clorox(CLX) Zacks Investment Research·2024-03-19 21:16
Volatility has returned to Wall Street after a solid rally in the first two months of the year. Inflation rose once again in February, dampening investors’ morale on fading hopes of a rate cut anytime soon.The Labor Department reported last week that the consumer price index (CPI) rose 0.4% sequentially in February, higher than January’s rise of 0.3%. February’s jump was also the most since September 2023, after which inflation declined steadily to fall below 3% before climbing again in January.Year over ye ...