Some investors remain on edge about inflation. The stock market’s strong performance this year has been underpinned by easy-money policies from the Federal Reserve. Any shift by the central bank to a more inflation-fighting posture undermine the rally, investors say.
“The reality is, there are serious pockets of inflation, and it’s going to affect the consumer,” Mr. Blancato said. “I think inflation will become a headwind that slows down people’s spending.”
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