2 Best ETFs to Buy and Hold in 2023

While Jerome Powell recently told lawmakers that interest rates will likely rise more than previously expected, a recession still might be avoidable given the robust economic conditions. Amid this backdrop, investing in ETFs Vanguard Developed Markets Index Fund (VEA) and Vanguard Mortgage-Backed Securities Index Fund (VMBS) could be wise for impressive returns.

Inflation cooled to 6.4% over the past year in January, down from 6.5% in December. It marked the seventh consecutive year-over-year slowdown and was far lower than the peak of 9.1% in June last year. The Fed opted for a quarter percentage point hike in its benchmark interest rate at the latest FOMC meeting, marking the smallest increase since March 2022. 

With the economy’s resilience, even higher-than-expected interest rate hikes may not lead to a recession. Treasury Secretary Janet Yellen has expressed confidence in the economy’s ability to achieve a soft landing, owing to its robust labor market and the absence of balance sheet issues.

Given this backdrop, let’s discuss…

Continue reading at STOCKNEWS.com