Earlier this month, the Federal Reserve hiked the benchmark interest rates by 75 basis points, its most aggressive hike since 1994. Experts expect the central bank to raise rates significantly in the next couple of months. A tighter monetary policy to curb the multi-decade high inflation has led to investors’ concerns over the economy slipping into a recession.
Amidst rising recessionary concerns and consequent market slump, investing in fundamentally strong dividend-paying stocks could help cushion one’s portfolio with a steady income stream.
