Got $300? These 2 Stocks Could Supercharge Your Portfolio in 2023
The November inflation report released last week revealed a second consecutive month of moderating inflationary pressure, which suggests that the stock market could have a better year in 2023 as the Federal Reserve may eventually have to pause the interest rate hikes that have weighed on equities in 2022.
The consumer price index (CPI) for the month of November revealed a 7.1% increase in prices over the prior year, lower than the 7.3% increase anticipated by economists. Core inflation, which includes food and energy prices, increased 6% year over year, compared to a 6.1% increase projected by consensus estimates.
Cooling inflation would set the stage for a slower pace of interest rate hikes by the Federal Reserve, with the central bank expected to stop raising rates after March next year. That's why it would make sense to look at some stocks that could prosper in 2023 thanks to their strong businesses and a potential improvement in stock market sentiment.
Source Fool.com
