Has Inflation Peaked? Consider Buying This Growth Stock
Inflation has been the story of 2022, hitting a 40-year high in the latest report. To combat it, interest rates are being driven higher as well, which increases the risk that the U.S. economy will fall into a recession. While it is still unclear which direction inflation is going at the moment, there are some early signs that the worst of it may be in the rearview mirror.
If that's the case, there's a reasonable probability that the broader stock market downturn in 2022 may be nearing a bottom and could resume its long-term upward trend. An environment where inflation is falling might also reawaken the heavily beaten-down technology sector.
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Source Fool.com
