Penn National Gaming, Inc. (NASDAQ:PENN) shares are trading higher alongside several other hotel, restaurant & leisure companies stocks rebound following last week's selloff. The sector has experienced volatility amid Fed policy tightening measures which may lead to a slowdown in economic growth and consumer spending.
A preliminary reading earlier this month that was pivotal in influencing the Fed to get more aggressive with its rate hike showed inflation expectations at 5.4%, according to CNBC.
