Rate Cuts Are Dead. Inflation Is Sticky. Here's 1 Type of Stock Built to Thrive in Exactly This Environment.
These stocks were made for times like these.
Rate Cuts Are Dead. Inflation Is Sticky. Here's 1 Type of Stock Built to Thrive in Exactly This Environment.
Overview
Forget rate cuts. They aren't coming anytime soon. Instead, the probability of rate hikes is rising, based on Fed funds futures prices.
You can blame it in large part on persistently sticky inflation. The war with Iran continues, keeping oil prices elevated. The longer oil prices remain high, the more likely it is that the prices of other products will increase.
Details
Some investors could be tempted to run for the hills. Others could stick their heads in the sand. But there's a better alternative. One type of stock is built to thrive in exactly this kind of environment.
Source
Originally published at www.fool.com.
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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.
