Now that the Federal Reserve has opted to keep interest rates unchanged at the 3.50% to 3.75% range, investors' focus should shift back towards portfolio management. And being mindful of uncertainties about inflation in the future, Fed Chair Jerome Powell has made the case even stronger for investing in consumer staple stocks.
Conversely, while Powell's assertions may lead to an indirect inference to load up on names from the consumer staples space, investment firm Schroders has cited historical data to make a case for the same. Notably, the firm's analysis has revealed that energy, consumer staples, healthcare, and utility sectors have gained more than 5% in the 12 months following major global oil supply shocks.
