With the financial sector reeling under the pressure of recent bank insolvencies, the Federal Reserve is expected to announce a smaller rate hike next week. However, as inflation remains elevated and the jobs market remains strong, the Fed is soon expected to return to higher rate hikes.
Although the stock market is expected to remain under pressure this year, investing in best-in-class growth stocks Salesforce, Inc. (CRM – Get Rating), Extreme Networks, Inc. (EXTR – Get Rating), and Cars.com Inc. (CARS – Get Rating) could be wise.
Before discussing what could help these growth stocks dodge the economic challenges and deliver solid returns, let’s see what’s currently affecting investor sentiment.
Earlier this week, February’s inflation report came out with the consumer price index (CPI) rising 0.4% for the month and 6% year-over-year, in line with market expectations. This marked the slowest annual increase in consumer prices since September 2021. However…
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