Although headline inflation has slowed, the Fed will likely keep raising interest rates to attain its 2% target. However, a potential slowdown in monetary policy tightening is opening the path for quality stocks to recover. Therefore, investors should consider buying fundamentally sound stocks Merck & Co. (MRK), Novartis (NVS), and Cisco Systems (CSCO) now. Keep reading….
Despite the cooling down of inflation, the Fed indicated that it would continue raising interest rates this year until the 2% target is achieved. Weak economic statistics and hawkish remarks from Fed officials added to recession fears. Retail sales in the United States declined 1.1% last month, and factory production dropped for the first time since June by 0.6%.
