Used-car pricing is rising. That’s bad for car shoppers. But aren’t car prices dropping? It depends on where investors look. Either way, investors are feeling better about auto-dealer stocks.
May consumer-price data arrived from the Bureau of Labor Statistics, or BLS, on Tuesday. Prices rose 4% year over year, while economists were expecting a 4.2% rise. The April reading was 4.9%.
Lower inflation lowers the likelihood the Fed will raise interest rates in June. Investors like…
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