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Markets · Investing · Business
Finance
If a Recession Is Coming, This Dividend ETF Could Be the Smartest Long-Term Buy Right Now
The State Street SPDR S&P Dividend ETF could be the ideal dividend fund if the U.S. economy cools.
Depending on the source, odds of a recession are either in line with the historical average of 15% or running as high as 40%, the latter of which is obviously concerning.
Compounding those worries is the fact that the Federal Reserve raised interest rates last week, and there's rising belief that one more rate hike is coming before the end of this year. The Fed aims to quash inflation, but some experts believe that developments in the bond market suggest the risk of a recession in the coming months cannot be overlooked.
Recession or not, there's a lot to like with this dividend ETF. Image source: Getty Images.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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