The UK economy hit a significant milestone on Wednesday: inflation has finally fallen to the Bank of England's (BoE) target of 2% as of May, according to the Office for National Statistics (ONS). This development carries substantial implications for investment portfolios, presenting both opportunities and risks.
With inflation at the BoE's target, investor confidence is likely to strengthen, making equities an attractive option. Blue-chip stocks, particularly those in consumer goods and retail sectors, stand to benefit as stable inflation boosts consumer purchasing power.
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