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Shares of Consumer Staples Companies Are Trading Lower Amid an Overall Market Selloff Following Worse-than-expected August Inflation Data. High Inflation Could Weaken Consumer Spending Across Sectors, While Future Fed Rate Hikes Could Slow the Economy and

Benzinga ·  Sep 13, 2022 15:32
Shares of consumer staples companies are trading lower amid an overall market selloff following worse-than-expected August inflation data. High inflation could weaken consumer spending across sectors, while future Fed rate hikes could slow the economy and also weigh on spending.
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