Over the past year, growth stocks have been plagued by the Fed’s aggressive interest rate hikes. When interest rates move higher, growth stocks look less attractive to investors. With inflation falling, the Fed is looking toward smaller rate hikes this year.
With a hotter-than-expected jobs report and inflation rising sequentially in January, Fed officials remain cautious as inflation remains above the Federal Reserve’s target of 2%. Minutes from the Fed’s policy meeting earlier this month show that the members believe “ongoing” rate hikes would be necessary.
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