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Markets · Investing · Business
Finance
There's a 58% Chance of a Fed Rate Hike in October. These Are Stocks to Buy Anyway.
The odds are pretty good that higher rates are ahead. But some stocks can still flourish.
Many investors breathed a sigh of relief when the Federal Open Market Committee (FOMC) chose to leave rates unchanged at its latest meeting. However, the reprieve might not last long.
CME Group's (NASDAQ: CME) FedWatch estimates the probability that the FOMC will increase rates in its next meeting in mid-September at 44.1%, based on 30-day Fed funds futures prices. FedWatch projects a 57.7% chance of a rate hike at the FOMC meeting scheduled for late October.
Details
Rising rates are usually bad for many stocks. That isn't the case for all of them, though. Here are stocks to buy even if a rate increase is right around the corner.
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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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