As expected, the Federal Reserve held interest rates steady in the current 4.25% to 4.50% range at its meeting on Wednesday, sparking barbs from President Trump about Fed Chair “Too Late” Jerome Powell.
Although the central bank was willing to cut rates late last year when inflation was running much higher than it is today, since Trump became President the Fed has not moved. Powell said Wednesday he believed higher prices are coming as businesses sell off goods brought in before Trump’s tariff policies went into effect and start selling those with tariffs on them.
Here are some names you may want to choose to weather this storm.
This post originally appeared at Money Morning.