Best Stocks for Rising Interest Rates

The Federal Reserve has been aggressive in its rate hiking, and there's a chance it's not done yet. Here are eight of the best stocks for rising interest rates.

blocks with percentage signs on stacks of coins
(Image credit: Getty Images)

After pausing rate hikes at its June meeting, the Federal Reserve in July raised its benchmark interest rate by a quarter percentage point to a target range of 5.25% to 5.5%  – the highest level since early 2001. That has left investors scrambling to scrape up the best stocks for rising interest rates.

And the central bank may not be done lifting rates just yet. The market is currently pricing in a 20% to 30% chance of another 25 basis point rate hike (0.25%) at one of the remaining three Fed meetings scheduled for 2023, according to CME Group.


Data is as of July 26. Dividend yields represent the trailing 12-month yield, which is a standard measure for equity funds. 

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Jeff Reeves
Contributing Writer,

Jeff Reeves writes about equity markets and exchange-traded funds for Kiplinger. A veteran journalist with extensive capital markets experience, Jeff has written about Wall Street and investing since 2008. His work has appeared in numerous respected finance outlets, including CNBC, the Fox Business Network, the Wall Street Journal digital network, USA Today and CNN Money.