The increasing odds of recession with anticipated aggressive interest rate hikes as inflation hit 9.1% in June 2022 have led to a broad-based market sell-off this week. On the positive side, the unemployment rate remained at 3.6% for the fourth straight month in June. So, many analysts expect inflation to moderate this month.
However, since the market volatility is not expected to lessen anytime soon, large-cap dividend-paying stocks could be wise investments now as they offer resilience and a steady income stream.
