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Hawkish Fed boosts value stocks’ appeal for some investors

Published by
Reuters

By David Randall NEW YORK (Reuters) – Some investors are preparing for a hawkish turn from the Federal Reserve by buying the cyclical, economically-sensitive names they gravitated to earlier this year, as expectations grow that the central bank is zeroing in on fighting inflation. The gap between growth stocks and their value-focused counterparts, which include companies like banks, financials and energy firms, has fluctuated throughout the year, driven in part by bets on how quickly the Fed will normalize monetary policy. In recent days, signs that the central bank will move faster than expec…

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