Expectations of a recession later this year are high, considering the higher interest rates and an expected credit crunch due to tighter lending standards. While the market is currently volatile, investors could consider adding dividend-paying stocks Canadian Natural Resources Limited (CNQ), Eastman Chemical Company (EMN), and Whirlpool Corporation (WHR) to their watchlist.
Although inflation has shown signs of easing, it remains above the Fed’s target of 2%. A pause in interest rate hikes looks likely after Fed Chairman Jerome Powell indicated that the central bank might forgo raising the benchmark interest rate at its meeting next month. Powell stated, “Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments.”
