Sticky Inflation? 3 Stocks to Own If Inflation Stays High
Inflation has run hot for over a year now. Massive fiscal spending during the pandemic, supply chain issues, rising rents, and food prices have contributed to stubbornly high inflation. According to the consumer price index, a measure of consumer prices, year-over-year inflation has been above 5% since June 2021.
Everyone wants to see inflation come back to earth, but some experts think it could stick around for a while longer. According to St. Louis Federal Reserve President James Bullard, told CNBC in late August that inflation could "be more persistent than many on Wall Street expect." Meanwhile, BlackRock CEO Larry Fink told Bloomberg in June that he expects inflation to remain elevated for several years due to global supply chain issues.
If inflation does remain sticky, three stocks you'll want to own are Progressive (NYSE: PGR), Unum Group (NYSE: UNM), and Marsh & McLennan (NYSE: MMC). Let's find out a bit more about these three stocks.
Source Fool.com
