Amid seemingly unending macroeconomic turbulence and market volatility, it could be wise to invest in quality stocks CRH plc (CRH), Engie Brasil Energia S.A. (EGIEY), and Hywin Holdings Ltd. (HYW) with momentum behind them.
March’s Producer Price Index (PPI) declined 0.5% from the prior month, registering its largest drop since April 2020. Moreover, with the Consumer Price Index (CPI) data also indicating that the cumulative effect of interest-rate hikes by the Federal Reserve has begun to cool down inflation, the likelihood of peaking of interest rates followed by a pause has recently increased.
