3 US Income Stocks for Low Rate World

The Federal Reserve has kept interest rateslow, despite a strengthening US economy. We reveal three US income stocks for investors looking for yield

Karen Kwok 28 July, 2016 | 4:19PM
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The US central bank yesterday chose to hold interest rates at the range of 0.25% to 0.5%. The news was widely expected within the industry, but the Federal Reserve’s statement did suggest greater confidence in the overall US economic outlook thanks in part to strengthening employment figures.

“Near-term risks to the economic outlook have diminished,” the Federal Open Market Committee said in its July meeting’s statement, adding that “job gains were strong in June following weak growth in May” and other labour market indicators point to “some increase” in labour utilisation in recent months.

Inflation has continued to run below the committee’s 2% objective, but they believes it will catch up over the medium term, putting pressure on households and indeed the interest rate decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
HollyFrontier Corp30.69 USD-0.10Rating
Valero Energy Corp65.60 USD0.21Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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