The Fed is expected to keep raising interest rates as inflation remains well above its 2% target. Regional Presidents James Bullard of St. Louis believes more aggressive near-term policy should be implemented to curb the inflationary pressures.
Amid this, the likelihood of a recession cannot be ruled out. So, fundamentally robust dividend stocks, Johnson & Johnson (JNJ), Gilead Sciences, Inc. (GILD), Stellantis N.V. (STLA), and Cardinal Health, Inc. (CAH), which have the potential to withstand market downturns, could be the best additions to your portfolio this month.
