Since last year, the Federal Reserve has been trying to fight inflation with its restrictive monetary policy. February’s CPI data revealed that inflation rose 6% over the prior year, still much too high for its comfort level. With the Federal Reserve committed to tackling inflation, interest rates are likely to be raised higher than previously anticipated.
The stock market is expected to remain under pressure amid fears of a looming recession. In this scenario, investors could look to buy fundamentally strong stocks Marathon Petroleum Corporation (MPC), Centene Corporation (CNC), and Boyd Gaming Corporation (BYD).
