Although inflation has shown signs of easing, it is still far from the Federal Reserve’s long-term target. The Fed will likely hike the interest rate at its next policy meeting scheduled this week. The tighter lending standards and high interest rates are expected to tip the economy into a recession this year.
Given this backdrop, it could be wise to avoid fundamentally weak stocks Owens & Minor, Inc. (OMI), ASOS Plc (ASOMY), and Kaleyra, Inc. (KLR).
