7 Consumer Staples Stocks to Buy for Recession-Proof Profits in 2024
Colgate-Palmolive(CL) InvestorPlace·2024-01-24 19:10
In today’s ever-evolving economic landscape, where the threat of recession remains remarkably relevant, the allure of consumer staples stocks has become increasingly prominent. Looking back at the previous year, we witnessed a scenario where stubborn inflation left the Federal Reserve with no option but to ratchet up interest rates. Notably, even as the stock market has pivoted to a bull market, the U.S. recession probability stood at a concerning 62.9% as of December 2023, a noticeable jump from November’s ...