With inflation still above the Fed’s comfort level and a tight labor market, Fed Chairman Jerome Powell has warned that interest rates will likely rise higher than previously expected. Benchmark interest rates are expected to remain elevated for a while.
Although the market is expected to remain volatile, new investors looking to build their portfolio could look to buy fundamentally strong stocks, The Coca-Cola Company (KO), Albertsons Companies, Inc. (ACI), Juniper Networks, Inc. (JNPR) and Universal Logistics Holdings, Inc. (ULH).
