Amid increasing borrowing costs, loading up on fundamentally strong and qualitatively superior financial service stocks, Moody’s Corporation (MCO), BB Seguridade Participações S.A. (BBSEY), and Forrester Research Inc. (FORR) could help investors secure superior risk-adjusted returns in a market that is steadily turning the corner.
Yesterday, in line with broad expectations on Wall Street, Federal Reserve Chair Jerome Powell announced the unanimous decision by the FOMC to raise key interest rates by another 25 bps. With this move, the central bank has raised the benchmark borrowing rate to 5.25%-5.50%.
