With the financial sector reeling under the pressure of recent bank insolvencies, the Federal Reserve is expected to announce a smaller rate hike next week. However, as inflation remains elevated and the jobs market remains strong, the Fed is soon expected to return to higher rate hikes.
Although the stock market is expected to remain under pressure this year, investing in best-in-class growth stocks Salesforce, Inc. (CRM), Extreme Networks, Inc. (EXTR), and Cars.com Inc. (CARS) could be wise.
