2 Hypergrowth Stocks to Buy in 2023 and Beyond
The Federal Reserve adopted a hawkish stance in March last year and started raising interest rates in a bid to curb surging inflation. The good part is that the central bank's efforts seem to be bearing fruit, as recent data suggests that inflation is cooling.
The increase in consumer prices has dropped from 9.1% in June last year to 6.5% in December 2022. Of course, that number is still higher than the Fed's inflation target of 2%, which means that more interest rate hikes may be in the cards. We have seen that a high-interest-rate scenario has been adverse for the stock market. But as the inflation rate is dropping, there are chances of the Fed reducing interest rates in 2023.
This may trigger a bull market, which is why now may be a good time to load up on shares of CrowdStrike Holdings (NASDAQ: CRWD) and Dutch Bros (NYSE: BROS) -- two fast-growing companies that have taken a beating over the past year.
Source Fool.com
