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StockNews.com
StockNews.com
Business
Shweta Kumari

3 Stocks to Buy for Stability in June

CRNT CRRFY Carrefour SA Ceragon Networks Ltd the Federal Reserve

In recent news, Federal Reserve Chairman Jerome Powell asserted that additional rate hikes would be appropriate this year, as their inflation fight ‘has a long way to go.’ Given the renewed jitters of market uncertainty, loading up on quality stocks, Carrefour SA (CRRFY), CorVel Corporation (CRVL), and Ceragon Networks Ltd. (CRNT) could help investors endure the bouts of widespread market volatility and secure solid returns.

The cumulative effect of interest-rate hikes by the Federal Reserve was exhibited in May’s Consumer Price Index (CPI) data that made a sharp pullback to 4%. Also, the Producer Price Index (PPI) measured 1.1% year-over-year in May, easing sharply from the 2.3% bump recorded in April.

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