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The consumer price index of the United States increased 0.2% for the fourth straight month in October.
Despite easing inflation, consumers continue to see higher prices for groceries. Investors seeking to take advantage of the increased price of groceries should consider these ETFs.
Nonfarm payrolls increased by 254, 000 jobs in September, the most since March.
Dan Ahrens of AdvisorShares says the restaurant industry shows promise, especially in the fast-casual space. However, it needs to overcome employment headwinds, which comes down to keeping workers happy enough to stay.
Sector ETFs, which are the major beneficiaries of a rate cut, rallied to new 52-week highs.
US annual inflation rate slowed to 3.3% in May 2024, the lowest in three months, compared to 3.4% in April and forecasts of 3.4%.
These ETF investing areas should see an uptick in business this Easter.
The U.S. consumer price index rose 0.4% sequentially in February and 3.2% year over year.
In January, U.S. inflation topped expectations as persistently high shelter prices weighed heavily on consumers, according to a report released by the Labor Department on Tuesday.
Americans are expected to shell out $25.8 billion on Valentine's Day this year, an average of $185.81 per person. Investors seeking to capitalize on the splurge should invest in consumer discretionary and retail ETFs.
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