ABEV: 3 Cheap Stocks to Buy if You’re on a Budget – StockNews.com
Amid heightened macroeconomic uncertainty due to multi-decade-high inflation, the Fed’s aggressive rate hikes, and Russia’s outright invasion of Ukraine, major market indices struggled significantly in 2022.
However, inflation is retreating, with the rise in consumer prices slowing for a sixth straight month. The Consumer Price Index (CPI) rose 6.5% in December compared to a year ago, down from a peak of 9.1% in June last year. Despite the slowdown in price increases, inflation continues to hover much above the Fed’s target of 2%.
Although Fed officials will likely slow the pace of their interest-rate hikes, there are debates on how much more they need to tighten to bring inflation under control. Fed Governor Christopher Waller, joining other policymakers, backed another moderation in the size of rate hikes and favored a 25 basis point increase at the FOMO’s next meeting.
While continued rate increases can help slow down inflation, they can also potentially tip the economy into a…
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