3 Great Stocks to Buy for 2022 and Hold for Years | investing.com – Investing.com

3 Great Stocks to Buy for 2022 and Hold for Years | investing.com – Investing.com

The S&P 500 has climbed roughly 25% in the past year, with the Nasdaq up 19%. The benchmark index currently hovers around 2.5% off its recent records, while the teach-heavy index is about 6% off the pace. The recent wave of selling and volatility that began on Black Friday could continue into the early days of 2022, as Wall Street assesses the Fed’s updated outlook and possible disruptions from the latest covid variant.

The central bank said earlier this week that it plans to complete tapering in March, cutting its timetable from June, as it winds down its stimulus-focus bond purchases. Wall Street was more focused on Jay Powell and the Fed’s updated outlook for interest rate hikes amid nearly 40-year high inflation.

The Fed expects they will start to lift rates in the second half of 2022, with three hikes projected next year and three more in 2023. The guidance gives Powell and his peers more time to see how the economy is performing, with hikes only truly likely once there are stronger feeling the pandemic is fully behind us, or if rising prices get too out of control.