Although inflation remains above the Fed’s target of 2%, there are signs of the high prices easing. While the Fed continues to fight inflation with interest rate hikes, investors should focus on their long-term strategies and invest in fundamentally strong growth stocks ASML Holding N.V. (ASML), SAP SE (SAP), Chipotle Mexican Grill, Inc. (CMG), and Sysco Corporation (SYY) which look poised to deliver steady returns over the next five years.
The Fed closely tracks the personal consumption expenditures price index as a key indicator of inflation. The PCE in February, excluding food and energy, increased 0.3% for the month, slightly less than anticipated, and increased 4.6% on a 12-month basis.
