Shares of companies in the technology sector are trading lower after August CPI data showed greater-than-expected US inflation. This has driven yields up and raised expectations of aggressive Fed rate hike policy. A rise in rates could drive a slowdown in the economy while also decreasing the present value of future cash flows, which weighs on growth stock valuations.
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Shares of companies in the technology sector are trading lower after August CPI data showed greater-than-expected US inflation. This has driven yields up and raised expectations of aggressive Fed rate hike policy. A rise in rates could drive a slowdown in the economy while also decreasing the present value of future cash flows, which weighs on growth stock valuations.