The Fed’s aggressive interest rate hikes to combat the high inflation and the increasing possibility of a recession dampened consumer confidence last month. However, a healing job market, a rebound in consumer sentiment, falling oil prices, and better-than-expected corporate profits have restored investors’ optimism slightly this month.
Since the macroeconomic headwinds are not expected to be eased soon, investors could consider investing in quality dividend-paying stocks to generate a steady income stream. However, it is important to ensure the performance stability of the stocks to ride out the uncertainties.
