The Federal Reserve raised interest rates by 25 basis points, bringing the benchmark funds rate to a range of 4.75% to 5%, the highest since October 2007. The Fed’s monetary policy tightening, along with the expected tighter lending by banks, could lead to a recession this year.
In this scenario, investors could look to add high-quality stocks Visa Inc. (V), Amgen Inc. (AMGN), and Box, Inc. (BOX) to their watchlists.
