Why This Dividend Stock Could Be Resilient Amid Rising Inflation
Households are grappling with widespread inflation as economies reopen worldwide. The coronavirus pandemic has snarled supply chains, making it harder to produce the goods that consumers demand. Meanwhile, spending has been robust throughout the pandemic as government stimulus has buoyed household income.
In the face of these rising challenges, McDonald's (NYSE: MCD) could be one resilient stock to own. The company's low-priced menu could be a reprieve for consumers getting pinched by rising inflation.
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Source Fool.com
