5 Safe Stocks to Bet on as Inflation, Rate Hike Concerns Grow
ATOAtmos Energy (ATO) zacks.com·2024-05-23 22:35

Concerns over inflation and fears of interest rate hikes came back, haunting investors on May 22 after the minutes of the Federal Open Market Committee’s (FOMC) Apr 30-May 1 policy meeting were released.The minutes revealed that the Federal Reserve remains concerned over rising inflation, which created panic among investors, leading to a massive selloff. All three major indexes that were on a rally retreated sharply, with the Dow recording its worst session in May, after hitting an all-time high last week.T ...