The core consumer price index, excluding food and energy costs, rose 0.4% in January, which was more than expected and the most in eight months.
Markets expect inflation to have eased but may be overpricing Fed cuts.
Allocations to these equities is highest since summer 2020.
Prices should be moderate despite weakening demand.
The pullback points to investors' confidence that the Federal Reserve has gotten inflation under control.
Markets are now conceding that a slower pace is likely.
It's the most critical view of the NABE in 13 years.
Returns to investors are at their worst level since the financial crisis.
Credit risk indicators have stopped flashing red for the first time since rate hikes began.
The number of retirees outpaces a Federal Reserve economist's model by millions.
