Amid a toxic mix of sticky inflation, robust job data, and resilient consumer spending, the odds of interest rate hikes have been soaring. Fearing that the tenacious rate hikes might trigger a recession, the stock market is expected to remain volatile for quite some time. Amid this, let us look at UnitedHealth Group Incorporated (UNH) and Walmart Inc. (WMT), which could help investors cope with a recession.
The Fed’s prolonged efforts to tame the multi-decade high inflation has weighed heavily on the investors’ sentiments. Despite the efforts, the February employment report came in hotter-than-anticipated. The already dashed investor hopes were smashed by Fed Chair Jerome Powell’s hawkish statements.
