With the Fed expected to stay committed to its hawkish stance to tame stubborn inflation, the questions regarding recession seem to have shifted from “if” to “when” and “for how long.”
In such a scenario, investors are increasingly turning to defensive sectors, such as utilities, which have a reputation for weathering recession better than others due to consistent demand for their services. Moreover, consistent dividend payouts by utility firms offer steady income generation opportunities amid market uncertainties.
