Fast foods are popular due to their relative convenience. Despite economic volatilities, they have become a top choice for the majority of the American population. Given their increased demand and defensive nature, let’s explore why fast-food stocks McDonald's Corporation (MCD) and Chipotle Mexican Grill, Inc. (CMG) could be solid watchlist additions this year.
Robust job hiring and resilient spending despite high prices have raised the odds of progressive interest rate hikes by the Federal Reserve, resulting in experts anticipating a recession in the upcoming months.
