Inflation Is Not Going Away. 2 Stocks That Will Thrive, 1 That Will Dive

???Inflation is here to stay. While down from the historically high levels hit over the past year or so, inflation rates remain elevated and are wearing on the economy. U.S. business activity slowed to a four-month low this month, which has worried the Federal Reserve. It was looking to cut interest rates at least three times this year, possibly as many as six times, but now it’s not sure it will even do it once. Fed Chairman Jay Powell recently said he had no “confidence” that inflation would head in the right direction, and there has even been talk of raising rates again to temper inflation’s growth. Inflation is insidious to consumers as it erodes their spending power. The same dollars buy less at the store. And it is all because of government spending with no politician exhibiting the will to rein it in. And yes, some businesses can thrive in a high-inflation environment. Their operations can profit because of the damage it causes to businesses and consumers. Below are two inflation stocks that should do well as high rates persist....

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