Inflation Cools More Than Expected & 'Pokémon GO' Heads to Saudi Arabia
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What are the latest updates on inflation?
I get that, but you don't need to be constantly checking in looking for the next big thing because Invesco QQQ is already packed full of the most innovative companies. But isn't it a little tech heavy? That's the beauty. It's not just a tech ETF. You are also getting exposure to healthcare, industrials, communication services.
Fine, I'll check out QQQ and I guess I'll figure out what my resting heart rate is too.
We're making progress. With Invesco QQQ, you can rethink what's possible. Before investing, consider the fund's investment objective, risks, charges, and expenses. Visit Invesco.com for a prospectus with this information. Read it carefully before investing. Full disclosure in podcast description. New inflation numbers dropped yesterday, and for the first time in months, lead-foot prices actually eased off the accelerator. Woo-hoo! Party in the streets! Well, not quite. The Consumer Price Index rose just 0.2% in February, the slowest pace since October. That brought annual inflation down to 2.8%, better than expected, thanks to falling gas prices, cheaper housing, and airfare taking a 4% nosedive. Even egg prices, which have been on a rampage, climbed less than last month, though they're still up nearly 60% from a year ago. Before you break out the margaritas, economists are bracing for higher prices in the future.
President Trump's tariffs on steel, aluminum, and a fresh round of Chinese goods are expected to push up prices on everything from clothing to food to cars. So while the White House is holding this inflation report up as proof the economy is on track, Wall Street wasn't as convinced. Stocks rallied briefly on the news before wiping out those gains just hours later and finishing the day about flat.
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