2 No-Brainer Warren Buffett Stocks to Buy Hand Over Fist for 2023
The Federal Reserve gave the stock market a shock recently as the central bank raised interest rates once again, taking its benchmark rate to its highest level in 15 years. The Fed also suggested that it would keep raising rates in 2023 to bring down inflation.
The Fed's hawkish stance sent equities tumbling, as it was expected that the central bank would dial down rate increases in 2023 thanks to signs of cooling inflation. A high-interest-rate environment has been the stock market's undoing in 2022. The Fed would need more proof that inflation is cooling in a sustained manner.
It could get that evidence in 2023, as inflation is expected to drop to 3.2% by the end of 2023, which would be a substantial decline from 7.1% in November 2022. So it won't be surprising to see the Fed adopt a dovish stance as 2023 progresses. That's why now may be a good time to buy some beaten-down stocks from Warren Buffett's portfolio.
Source Fool.com
