Amid higher interest rates and volatile economic data, the economy will likely slow down gradually and potentially nosedive into a recession. Despite gaining solid momentum recently, we think investors should wait before buying risky stocks Robinhood Markets, Inc. (HOOD), Transocean Ltd. (RIG), and Harbor Custom Development, Inc. (HCDI). Let’s discuss this in detail.
The Federal Reserve increased interest rates nine times in just over a year to combat a four-decade-high inflation rate and took its federal funds rate to a 4.75%-5% range. In March, core inflation, a more precise gauge of underlying inflation, increased by 0.4% from February and now stands at 5.6%, surpassing headline inflation for the first time since early 2021.
