The Federal Reserve cut interest rates numerous times in 2023 and may do so again later on this year. This is generally viewed as a positive for Americans, especially those fed up with inflation and.
In recent sessions, U.S. stock markets have experienced volatility as investors reacted to the Federal Reserve's decision to maintain interest rates, amidst ongoing concerns about inflation and economic stability. This backdrop of uncertainty makes it an opportune time to consider the resilience and potential steady returns of dividend stocks, particularly those with substantial yields.
The Federal Reserve made no changes in its interest rate policy Wednesday, holding its benchmark rate at a 23-year high amid signs of stubborn inflation in the U.S. economy. Officials on the Federal Open Market Committee said in a statement that while the economy continues to expand at a solid pace, "there has been a lack of further progress" in recent months toward reaching the Fed’s target of 2% inflation. Speaking to reporters, Fed Chair Jerome Powell said that recent inflation data has "come