3 Tech Stocks to Buy After the Fed Hikes Interest Rates Again
Stocks notched another leg down this week after the U.S. Federal Reserve announced a 0.75% interest rate hike -- the largest since the mid-1990s. The goal with this monetary tightening is to bring down inflation, but it's a blunt instrument that could also send the economy into a recession. Stocks are reacting accordingly. https://www.cnbc.com/2022/06/15/fed-hikes-its-benchmark-interest rate-by-three-quarters-of-a-point-the-biggest-increase-since-1994.html
In spite of all the uncertainty, though, long-term investing is far from dead. In fact, there could be some real bargains out there if you plan to buy and hold for at least a few years (but the longer the better). Three Fool.com contributors think Amazon (NASDAQ: AMZN), T-Mobile (NASDAQ: TMUS), and Albemarle (NYSE: ALB) are a buy after the Fed hiked rates again. Here's why.
Anders Bylund (Amazon): Let's look back at some fairly recent history. The federal funds rate was a measly 0.30% in the summer of 2016. Inspired by a strengthened economy, the Fed started a rate-boosting campaign in December, leading up to a 2.40% reading by the end of 2018.
Source Fool.com
