2 Dividend Stocks to Buy Even as New Fed Chair Kevin Warsh Holds Interest Rates Steady
These stocks, packing healthy payouts, are even better buys with the Fed's decision not to raise rates earlier this month.
Overview
It didn't take long for new Federal Reserve Chair Kevin Warsh to make some waves. The Federal Open Market Committee unanimously approved the decision to hold the federal funds rate steady at the 3.5%-to-3.75% range this month. But that doesn't mean the Fed won't push rates higher later this year. Inflation, after all, remains stubbornly above the Fed's 2% goal.
However, the decision should give investors some breathing room as they consider dividend stocks to make up for low yields in today's fixed-income environment. Two names I like here include Sirius XM Radio (NASDAQ: SIRI) and Upbound (NASDAQ: UPBD). Both dividend stocks could benefit from the June 17 decision to hold interest rates steady. Let's take a closer look at these two high-yielding stocks.
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Originally published at www.fool.com.