Looking ahead, the future of the U.S. economy appears promising as recent inflation data suggests some stabilization. In April, the CPI rose by 0.3%, slightly below expectations, but increased by 3.4% in 12 months, in line with forecasts. This moderation in inflation has sparked optimism in financial markets, with stock futures rising and treasury yields falling. If this trend continues, it could pave the way for the Federal Reserve to consider lowering interest rates. This could potentially bolster economic growth in the months ahead for these hot stocks to buy.
The economy is only looking to perform better and defy expectations for at least the next few months. This means that now is the perfect time to invest in some growth-forward companies. Here are the top three hot stocks to buy in May.
This post appeared first on InvestorPlace.