Investors Cheer Strong Consumers, Moderate Inflation
This article was originally published on ETFTrends.com.
By Horizon Investments Optimistic consumers and lower-than-expected inflation characterized much of the economic news in the U.S. last week. The University of Michigan Consumer Sentiment gauge for September beat expectations by a wide margin—hitting its second-highest level since 2004. The wholesale costs of goods and services (as measured by the Producer Price Index) fell in August, [...]