With the Fed Holding Interest Rates Steady, Here's the Smartest Dividend Stock to Buy With $1,000 Right Now
TJX's sales grow faster during times of economic uncertainty.
With the Fed Holding Interest Rates Steady, Here's the Smartest Dividend Stock to Buy With $1,000 Right Now
Overview
The Federal Reserve decided to hold short-term interest rates steady at its recent meeting. While noting solid economic activity, the central bank also mentioned uncertainty caused by the Iran war. Eight members expect to keep rates the same this year, but nine project higher federal funds rates.
Subsequently, the U.S. and Iran signed a memorandum of understanding, giving the countries two months to work out an agreement, and oil prices subsequently slid. However, the situation remains fluid.
Details
Given this uncertainty. TJX Companies (NYSE: TJX), with strong business fundamentals and growing dividends, offers investors an appealing potential total return.
Source
Originally published at www.fool.com.
