Focus On Income & Dividends Amid Inflation

"All eyes are on inflation and the Federal Reserve for now. Inflation remains stubbornly high although it recently broke below the 8% mark when it clocked in at 7.7% for October; this is the first time it has dropped below 8% since March 2022. Although this is good news, the Federal Reserve wants to see a trend before deviating from its aggressive tone and interest rate hiking cycle. The major hindrance to the inflation fight is that the unemployment rate that is staying stubbornly low even though it recently ticked up from 3.5% to 3.7%. The US economy will probably go into a recession probably in 2023 or 2024. I will suggest that investors focus on income and dividends," says Anthony Saccaro.