A relatively resilient economy, along with stubbornly high inflation and weaker credit market conditions, lays out a difficult path ahead for the Fed. Amid an uncertain macro environment, investing in fundamentally sound, dividend-paying stocks Amgen Inc. (AMGN), Kimberly-Clark Corporation (KMB), and OneMain Holdings, Inc. (OMF) could be wise for stable returns.
Inflation remained stubbornly high in April. The Commerce Department reported that the core Personal Consumption Expenditures (PCE) price index rose 0.4% for the month, surpassing the 0.3% Dow Jones estimate.
