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To increase GDP growth, the U.S. government is coming up with new strategies to generate a positive outlook by consumers and businesses. In Federal Reserve Chairman Jerome Powell’s recent statement, he asserted that although inflation appears to be more persistent than anticipated, the Central Bank is prepared to use its price stability tools to keep it around 2%.
Against this backdrop, investors are looking for companies that will profit from the fast-paced economic recovery. Given this, we think shares of fundamentally sound Canadian Natural Resources Limited (CNQ) and Foot Locker, Inc (FL) could be good bets now.