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StockNews.com
StockNews.com
Business
Riddhima Chakraborty

Buy These 3 Monster Growth Stocks Before It’s Too Late

GPC CMT CVEO GDP Inflation Civeo Corporation Genuine Parts Company Recession US Federal Reserve

The Fed announced another 75 bps rate hike on Wednesday to tame the multi-decade high inflation. Moreover, U.S. GDP declined by 0.9% in the second quarter, marking the second straight quarter slump.

Mark Zandi, the chief economist at Moody’s Analytics, said, “We’re not in recession, but it’s clear the economy’s growth is slowing.” However, it seems that investors are looking past the recession worries. Stocks rallied in the last trading session despite the latest GDP contraction, as investors bet the economic downturn would soon cause the Fed to deter from its aggressive stance.

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