The Bureau of Labor Statistics said Wednesday that the producer price index rose 0.7% month-over-month in February, higher than expected.
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Many advisors say the move isn’t enough to significantly change strategies.
Advisors are taking a variety of approaches in fixed income, stocks and alternatives.
On the other hand, the market slowdown is — ever so incrementally — taking a toll on house prices, according to Zillow forecasts.
The OECD upgraded its outlook for global economic growth, noting slowing inflation, central bank rate cuts, and falling energy prices.
The Bank of England voted Thursday to cut its key rates for the first time in over four years by a razor-thin 5-4 margin.