4 Utility Stocks to Buy as Consumer Sentiment Hits 7-Month Low

The Federal Reserve has struggled to curb inflation despite adopting a strict monetary tightening campaign. This has reignited fears among Americans that the economy could slip into a recession. The survey's one-year outlook for inflation remained unchanged at 3.3% in June, which was also sharply above the 2.3-3% range seen in the two years prior to the pandemic. Inflation declined sharply in 2023 before resuming its climb in the first quarter. However, it showed signs of cooling in April and maintained the ...