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Recently, data from the Bureau of Labor Statistics revealed that prices for United States consumers increased by 3.7% in August. This inflation rate was in line with economists’ and analysts projections. Prices grew at a faster pace compared to the previous month. Specifically, on a month-over-month basis, the inflation rate rose by 0.6%, up from 0.2% in July. When inflation meets or exceeds expectations, it can lead to market uncertainty. All of this is an inevitability as investors become concerned about its potential impact on the stock market. This led to us coming up with this list of 3 cheap stocks to buy.
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