The Fed’s rekindled hawkish stance has triggered a fresh bout of anxiety among investors. The price fluctuations are likely to continue amid the rising odds of rate hikes. Against this backdrop, let us take a dig at stocks Valero Energy Corporation (VLO), Ennis, Inc. (EBF), and Sisecam Resources LP (SIRE), which could make collecting passive income easy.
The already marred investors’ sentiments were further hampered by Fed Chair Jerome Powell’s hawkish statements on interest rate hikes. The upcoming decision will likely hinge on the already released strong U.S. job report and the impending inflation data.
