Soaring anxieties amid macroeconomic turbulence and banking collapses have put significant pressure on the stock market. Against this backdrop, let us explore stocks Eli Lilly and Company (LLY), McDonald's Corporation (MCD), and Cigna Corporation (CI), which might be safe choices for reasons mentioned throughout the article.
The Consumer Price Index (CPI) for February rose 6% annually, in line with the Dow Jones estimates. Although there was a marginal decline, it remains way above the Fed’s target of 2%. In addition, the strong job market, coupled with the Fed’s hawkish statements, has further raised the odds of further tightening the monetary policy in the upcoming FOMC meeting.
