Last year has proven to be one of the most challenging years for the U.S. economy. An inflation shock took hold, driving the annualized inflation rate from 1.4% in January 2021 to 7% to close out the year. Moreover, the recently released inflation data suggest that inflation will continue to weigh down the economy for the better half of 2023. Therefore, I wouldn’t blame investors for looking at some of the best stocks to buy to battle what could be yet another inflation shock this year.
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