My prediction comes as September CPI inflation rises 3.7%, above expectations of 3.6%. U.S. CPI has now risen for four consecutive months. Core CPI inflation fell to 4.1%, in line with expectations.
Financial institutions, such as banks and insurance companies, tend to benefit from higher interest rates as they can charge more for loans and earn higher yields on their investments. A portfolio allocation to financial services stocks or exchange-traded funds may be considered. Industrial companies often benefit from increased infrastructure spending and a robust economy. With expectations of continued high interest rates, these companies are likely to see growth opportunities in construction, manufacturing, and transportation.
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