This Growth Stock Has Market-Beating Potential
The much-anticipated Consumer Price Index for August was released this week, and the results disappointed many investors. The index, used as a measure of inflation, ticked up in August by 0.1%, and its 8.3% year-over-year increase was worse than expected.
With no sustained downward movement in inflation, investors got further confirmation that the Federal Reserve Board will continue its aggressive move to raise interest rates in an ongoing effort to slow down the economy and reduce inflation. For growth stocks, in particular, this is not welcome news. Higher interest rates are generally bad for them, as it means the economy will slow down, and it will cost more to borrow money.
But some growth stocks actually benefit from higher interest rates. One of them is CME Group (NASDAQ: CME). Here is why CME Group has market-beating potential right now.
Source Fool.com
