Although inflation shows signs of easing, market sentiment has been dampened due to the recent bank crisis fueling investors’ fears of the economy tipping into a recession. Amid the recessionary backdrop, Taiwan Semiconductor Manufacturing Company Limited (TSM), a leading semiconductor manufacturer, and Diageo plc (DEO), a consumer staple company, are expected to perform well and generate solid returns. Let’s discuss why.
According to the latest inflation data from the Bureau of Labor Statistics, consumer prices rose 0.1% in March and 5% from the previous year, lower than estimates of 0.2% and 5.1%, respectively. This marked the ninth consecutive month of inflation deceleration.
