Markets Insider - US stocks climb as inflation cools

TOGGLE AI President, Giuseppe Sette, discussed cooling inflation and a softer labor market as US stocks climb with Phil Rosen of Business Insider:

"Inflation's downward trend makes life easier for the Fed — however speculation that the central bank could cut rate towards the end of the year should be tempered by the Fed's own communication to the contrary," wrote Giuseppe Sette, president of Toggle, in a note. "Traders would do well to remember that rates historically are always higher than inflation except during a recession."

Read the full article on Markets Insider.