Despite the Fed’s consistent efforts over the past year, recent economic data still points to strong wage and price pressures, strengthening the case for further rate hikes. However, the recent bank failures complicate the Fed’s bumpy path to control stubborn inflation.
Regardless of uncertain macroeconomic conditions, one could consider investing in quality stocks Marathon Petroleum Corporation (MPC), Extreme Networks, Inc. (EXTR), and Celestica Inc. (CLS), which have plenty of room to run this year.
