Will the Fed Pause Rate Hikes on Wednesday? 3 Stocks to Buy If It Does
The Federal Reserve has hiked benchmark interest rates 10 times in a row, starting in March 2022.
However, at its meeting on June 14, that streak could come to an end. With the federal funds rate now at 5% to 5.25%, it's hovering in the range where central bankers expect to be at the end of this year, and the inflation rate continues to come down. The May Consumer Price Index report showed prices rose just 4% year over year last month, the slowest rate since March 2021. Furthermore, most economists expect the Fed to take a break from raising rates at its meeting.
While a pause in rate hikes isn't guaranteed, if it happens, it's likely to move markets and will impact stocks that are sensitive to interest rates. Here are three to buy if the Fed interest rate hike pause goes through.
Source Fool.com
