The Fed hiked rates by a fourth consecutive 75 bps this week, and further rate hikes are expected to continue for a while. However, the Fed might curb its aggression in the upcoming meeting. According to the CME FedWatch tool, there's a 59.4% probability of a 50-bps rate hike in December 2022.
Amid widespread market uncertainties, dividend investing has become popular to ensure a steady income stream and safeguard one's portfolio. Investors' interest in dividend stocks is evident from the Vanguard Dividend Appreciation ETF's (VIG) 4.1% gains over the past month.
