The stock market is projected to remain highly unpredictable in the near term, owing to persistently high inflation, rising interest rates, and other macroeconomic headwinds. So, it could be wise to buy quality dividend stocks Cisco Systems, Inc. (CSCO), Verizon Communications Inc. (VZ), and Honeywell International Inc. (HON).
According to the Commerce Department, the core personal consumption expenditures price index grew 0.4% in April and 4.7% year on year, indicating that pricing pressures remain in the economy.
