The tighter lending standards post the bank failures and the Federal Reserve’s resolve to bring inflation down further through interest rate hikes will likely lead to a recession this year. Minutes from the Fed’s meeting last month show that the staff believes there could be a mild recession this year.
Amid the economic uncertainties, investors may consider hedging their portfolios by adding dividend stocks. Walgreens Boots Alliance, Inc. (WBA) is a dividend aristocrat as it has increased its dividend for 47 years. The stock has also witnessed some insider buying lately.
