The Federal Reserve’s aggressive rate hikes in the past year to curb inflation have proven minimally successful. However, inflation is still far above the Fed’s target of 2%. Furthermore, the recent collapse of the banking system has made it even more challenging to achieve this target.
Hence, quality stocks Johnson & Johnson (JNJ), AbbVie Inc. (ABBV), and International Business Machines Corporation (IBM) could be ideal investments in the face of any unforeseen economic challenges.
