Stocks: Where to Ride Out the Rate Spike

The sudden rise in interest rates may weigh on financial and utility companies, but energy and food stocks should fare better

A variety of economic data, especially reports showing a solid job market, spread the view that inflation fears could prevent the Federal Reserve from cutting interest rates this year. Some think the Fed may even be forced to raise rates if the economy and inflation overheat (see BusinessWeek.com, 6/7/07, "What's Behind the Interest-Rate Spike?").

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