US stocks trade mostly lower as jump in oil prices reignites inflation fears

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Any further interest rate hikes would be a surprise to investors, based on the CME FedWatch Tool, which is pricing in a rate cut in May 2024.

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Feldman says that's interesting because, historically, media companies have been able to raise the prices of their channels by about 5% to 6% a year. "We've hit this tipping point now where the media companies simply can't raise prices fast enough to offset the loss of paid TV subscribers," Feldman says, going on to say that it has "emboldened" cable companies to start discussing the possibility of a new model.

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