The stock market is expected to remain highly volatile in the near term due to various macroeconomic headwinds and rising recessionary concerns. Amid this backdrop, investors could buy fundamentally sound stocks LiveRamp Holdings, Inc. (RAMP), PROG Holdings, Inc. (PRG), and Proto Labs, Inc. (PRLB), which hold the potential for solid returns.
In April, the Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation gauge, recorded a 0.4% month-on-month increase and a 4.4% year-over-year rise. Excluding volatile food and energy costs, the core PCE increased by 0.4% for the month and 4.7% from the previous year.
