Concerns over the Fed’s tighter monetary policy and the banking crisis will likely tip the economy into a recession. However, that should not deter investors from investing in quality stocks Johnson & Johnson (JNJ) and Pfizer Inc. (PFE), which could help retire a millionaire.
According to market pricing and Wall Street experts, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase this week. February’s inflation data signaled a cooling but still the persistent rate of 6%, much too high from the Fed’s target of 2%.
