2024-04-10 15:28:25 ET
Summary
- March's CPI data shows a 0.4% increase, exceeding expectations, with energy cost as a main driver.
- Enterprise Products Partners L.P. offers attractive dividends that can help hedge against inflation.
- Moreover, EPD's dividend growth has outpaced inflation in the long term by a good margin.
- I see plenty of profit catalysts to help Enterprise Products Partners keep growing earnings and dividends.
March CPI inflation data
March's CPI data just came out, and according to the data ,
The Consumer Price Index climbed 0.4% in March, the same increase as in February, and exceeding the 0.3% rise that economists expected. That indicates that the hot readings in January and February may be more than a "bump" on the path to inflation heading toward the Federal Reserve's 2% goal.
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Hot Inflation? Enterprise Products Stock Can Help