The past year was challenging for the stock market as volatile market conditions troubled investors. However, with inflation showing signs of easing and the Fed signaling smaller interest rate hikes, now could be the opportune time to pick up fundamentally strong stocks Box, Inc. (BOX), Extreme Networks, Inc. (EXTR), and Core Molding Technologies, Inc. (CMT) for promising income this year.
The economy added higher-than-expected jobs in January, and inflation also rose on a sequential basis last month. Although inflation is on a downtrend, it is still far from the Fed’s long-term target. Minutes from the Fed’s policy meeting earlier this month show that the officials believe “ongoing” rate hikes would be necessary.
