With rising interest rates and the possibility of a recession, the stock market will likely stay volatile in the near term. So, it could be wise to add quality growth stocks EMCOR Group, Inc. (EME), EnerSys (ENS), and Electromed, Inc. (ELMD).
The Commerce Department data shows that the core personal consumption expenditures price index climbed 0.4% in April and 4.7% year-on-year, indicating that inflation continues to be sticky. Despite the high inflation rate, consumer expenditure climbed by 0.8% in the month, while personal income increased by 0.4%.
