3 Warren Buffett Stocks to Buy With Fed Interest Rates on the Rise
The Federal Reserve has now officially raised its benchmark overnight lending rate, the federal funds rate, by a full half-point, the largest hike in two decades, as the Fed attempts to rein in inflation. In light of the Fed having now executed rate hikes at each of its last two meetings, and expectations that there is more to come, I think it's safe to say that we are in a rising-rate environment.
Few know how to play difficult market conditions better than the legendary investor Warren Buffett and his company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), which both know how to beat the market. Here are three good Buffett stocks to invest in during a rising-rate environment.
As one of the largest payment rails in the world, Mastercard (NYSE: MA) facilitates payment transactions in more than 200 countries. In 2021, Mastercard saw roughly $7.7 trillion flow through its network and had close to 2.6 billion cards in circulation.
Source Fool.com
