The red-hot inflation is increasing the odds of continued rate hikes by the Fed. Since the market is expected to remain under pressure on recession fears, it could be wise to invest in fundamentally sound stocks Comcast Corporation (CMCSA), GSK (GSK), and Masonite International (DOOR), which have been recently upgraded in our proprietary rating system. Read on….
The latest Consumer Price Index (CPI) report stoked wild swings in the market and has increased the prospects of further rate hikes by the Fed. An elevated inflation level for longer-than-expected could expand the effect of the Fed’s policy tightening, thus pushing the economy into a recession.
