Markets were volatile after the Federal Reserve announced plans to raise interest rates by the most since 2000. On the one hand, investors are worried that raising interest rates will not be able to quell the intensifying inflation; on the other hand, concerns about whether the economy can achieve a “soft landing” are gradually spreading.
Expectations of stagflation are heating up again, and major Wall Street banks have also given coping strategies. Among them, the more defensive utilities and high dividend stocks are the most favored.
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