Many investors are diversifying their portfolios from standard stocks and bonds as March's inflation surge casts doubt on economy-boosting rate cuts from the Federal Reserve happening this year, according to Reuters. The consumer price index increased to 3.5 percent year-over-year in March, up from 3.2 percent in February and far from the Fed's 2 percent target. Markets prior to March’s inflation report anticipated a few rate cuts this year, leading investors to buy up stock in anticipation... Read this story
