Materials Sector Holds Steady as Markets Fall on Hot Inflation Report
February 24, 2023 at 15:07 PM EST
Following a hotter-than-expect inflation report, the materials sector is holding steady while the rest of the market falls. The personal consumption expenditures price index — the Fed’s preferred measure of inflation — showed inflation increased in January, rising 5.4% from a year prior and up from 5.3% in December, the Commerce Department’s Bureau of Economic [...] The post Materials Sector Holds Steady as Markets Fall on Hot Inflation Report appeared first on ETF Trends .