Elevated inflation, combined with a strong labor market and solid consumer spending, positioned the Fed to hike the interest rate by 50 basis points this week until the sudden collapse of the Silicon Valley Bank and other financial institutions sparked calls for a potential pause.
Amid the drama surrounding regional banks, investing in safe equities, Johnson & Johnson (JNJ), The Coca-Cola Company (KO), and AbbVie Inc. (ABBV) could be wise for your portfolios.
