A 25-basis-point Federal Reserve rate hike in September remains on the table if upcoming inflation data surprises to the upside, according to a 24/7 Wall St. analysis. The consumer price index rose to 3.8% earlier this summer, the sharpest increase in three years and well above the Fed's 2% target, while 30-year Treasury yields hit their highest since 2007. The report highlights five high-yield stocks that could benefit from rising rates: Energy Transfer, with a 6.58% distribution yield; Prudential Financial, yielding 4.64%; U.S. Bancorp, yielding 3.24%; Bristol-Myers Squibb, yielding 3.81%; and Stanley Black & Decker, yielding 3.24%. The analysis notes that financials, energy, healthcare, and industrials tend to outperform when rates climb.
