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Stock impact report

4 Low-Beta Stocks to Buy on Hotter-Than-Expected Inflation [Yahoo! Finance]

Atmos Energy Corporation (ATO) 
Last atmos energy corporation earnings: 2/4 04:21 pm Check Earnings Report
US:NYSE Investor Relations: atmosenergy.com/news/atmos-energy-news
Company Research Source: Yahoo! Finance
The Labor Department said on Apr 10 that the Consumer Price Index (CPI) accelerated 0.4% month over month in March, higher than economists' expectations of a rise of 0.3%. CPI rose by the same margin in February. Year-over-year CPI rose 3.5% in March, higher than the consensus estimate of a rise of 3.4%, and the highest since September. This follows a 3.2% jump in February. The jump in March can be attributed to a sharp rise in gasoline and shelter costs. Gasoline prices jumped 1.7%, while shelter costs, which includes rents, climbed 0.4%. Inflation has declined sharply from its peak of 9.1% in June 2022 but remains stubbornly high after three straight months of increase, which has once again raised concerns that the Federal Reserve might further delay its rate cuts. The Federal Reserve last month said that it still plans three rate cuts by the end of this year but didn't give a timeline for the first rate cut. Also, the Fed said that inflation remains sharply higher than its Show less Read more
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