News Formal

These are the stocks to buy if interest rates stay higher for longer

  • 📰 startelegram
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The Federal Reserve has raised rates by 5.25 percentage points since March 2022, and another increase is possible.

Recent statements from Federal Reserve officials suggest to many that it will leave interest rates higher for longer.

“That combination of moderating inflation and slowing economic growth will give the Fed room to take its foot off the brake and start lowering rates next year, maybe as early as March,” Sekera said.That would raise the possibility of a recession, possibly a deep one, Sekera said. In that scenario, he’d look to own stocks in defensive sectors. That would be consumer defensive, healthcare, and utilities.Kellogg has split into two businesses -- Kellanova and WK Kellogg.

Clorox suffered a damaging cybersecurity breach in August. “But it’s just a temporary issue,” Sekera said. “It doesn’t impact the long-term value of the business.” “Currently the payout ratio there is 50%, so I don’t think they’re going to have any problem maintaining the dividend ."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 248. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. Bancorp Stock Falls After Earnings. Higher Rates Boost Net Interest Income.Net interest income is being helped by the Federal Reserve's aggressive pace of rate hikes.
Source: MarketWatch - 🏆 3. / 97 Read more »