A late sell-off sent domestic equities lower as the S&P 500 declined 5.1% last week, marking the index’s ninth decline in the last 10 weeks. A stronger-than-expected Consumer Price Index (CPI) report led investors to conclude that the Federal Reserve (Fed) is still behind the inflation curve and needs to be more aggressive in raising the Federal Funds Rate, its primary tool to fight inflation.
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Commentaries are published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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