Rising concerns over multi-decade high inflation and the Fed’s aggressive interest rate increase plans to help the economy fight inflationary pressure are expected to foster an economic slowdown. And the Russia-Ukraine war and extended COVID-19 lockdowns in China could worsen matters. Deutsche Bank economists warned against a major U.S. recession, which might be caused largely by the Federal Reserve’s tighter monetary policy to restore price stability.
Amid the rising probability of a recessionary environment, investing in industries with high resilience to market fluctuations is wise. Given the inelastic demand for its products and services, the funeral services industry could be attractive to investors. The rising demand for funeral services is supported by the increase in mortality rates in the United States.
