The Fed will likely raise its benchmark interest rate by 25 basis points later this month due to a surge in labor costs and a strong labor market. With the market expected to remain volatile, let’s discuss why buying dividend-paying stocks Johnson & Johnson (JNJ), Novartis AG (NVS), and ARC Document Solutions, Inc. (ARC) could help investors safeguard their portfolios by generating a stable income.
Atlanta Fed President, Raphael Bostic, believes that interest rates need to go higher still, remaining elevated “well into 2024” as the battle with inflation continues. With inflation well above its target, there is a growing concern that more interest rate hikes than even central bank officials anticipate will be needed.
