As the risks of persistent inflation lingers, the Fed will likely keep interest rates higher for longer. Despite higher interest rates, ongoing inflation pressures, and other macro headwinds, it seems likely that the economy may avoid a recession in the near term, given the robust latest economic data.
Amid an optimistic macroeconomic backdrop, it could be wise to invest in large-cap blend ETFs SPDR S&P 500 ETF Trust (SPY) and Innovator U.S. Equity Power Buffer ETF - April (PAPR) for instant diversification and substantial gains.
