Inflation dropped for the ninth consecutive month in March, as prices rose 5% year-over-year, its lowest since May 2021. Although annual inflation has fallen considerably from the 40-year highs reached last year, it remains above the Fed’s 2% target. Therefore, further rate hikes to rein in inflation cannot be ruled out.
Amid the rising possibility of a recession, investors can look to buy fundamentally strong stocks NetScout Systems, Inc. (NTCT), Central Puerto S.A. (CEPU), and Vanda Pharmaceuticals Inc. (VNDA), currently trading at discounts to their peers.
