Conquer Inflation: Buy These 3 Stocks Right Now to Stay Ahead of Rising Prices
If there's one thing holding back the stock market this year, it's inflation. Over the last year, prices, as measured by the Consumer Price Index, surged by 8.5%.
In response, the Federal Reserve, tasked with maintaining price stability, has hiked interest rates to bring down inflation. However, higher interest rates apply downward pressure on more than just prices; they slow economic activity.
This year, the stock market has failed to launch. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are all down year to date, yet some stocks can help investors weather inflation. Here are three inflation-conscious stocks investors should consider.
Source Fool.com
