‘Higher for longer’ rates remain a threat to U.S. stocks after inflation data

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW YORK - The latest U.S. inflation data is unlikely to ease worries over persistently high Treasury yields that have gnawed on stocks over the last few weeks, investors said, although many believe the longer-term trend of cooling consumer prices remains intact.

With the S&P 500 already up over 16% year-to-date and stocks richly valued by some metrics, some investors believe equities from will struggle to make headway for the rest of 2023. The central bank concludes its monetary policy meeting on Sept. 20 and is expected to leave rates unchanged, though some investors believe it may deliver one more increase later this year.

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