Worried About Renewed Recession Fears? Here Are A Few Large-Cap Stocks That Could Protect Your Portfolio

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The U.S. economy has proven more resilient than expected, narrowly avoiding recession despite the Federal Reserve’s persistent aggressive rate hikes. Despite the Fed holding the benchmark federal funds rate at 5.25%-5.5%, the World’s largest economy added 336,000 nonfarm payrolls in September, the highest since January, surpassing expectations. While the central bank kept the rates unchanged in November, Federal Reserve Chairman Powell reiterated that the fight against inflation isn’t over. “The process of getting inflation sustainably down to 2% has a long way to go,” Powell said. “I still be…

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