With stock market volatility rife amid the concerns that persistently high inflation and the Fed’s rate hikes will lead to a recession, investors should check out these extremely safe stocks, Johnson & Johnson (JNJ), The Descartes Systems Group Inc. (DSGX), and Weis Markets, Inc. (WMK).
The job market has remained strong despite the Fed’s efforts to loosen it. A tight labor market and inflation above the Fed’s target of 2% are strengthening the case for continued rate hikes ahead. The Fed still has a long way to go in the fight against inflation.
