With concerns mounting over the Fed’s capacity to counter inflation without concurrently undermining the economy and triggering a mild recession, it could be wise to consider the suitability of dividend-paying and stable stocks Walmart Inc. (WMT), BHP Group Limited (BHP), and American Vanguard Corporation (AVD) for a retirement portfolio.
The past year has seen the Fed raising its benchmark interest rates eight times, the last being by 25 basis points in January. This brought the borrowing rate into a targeted range of 4.5%-4.75%. Despite the Fed’s efforts, inflation is still well above its 2% target.
