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 h
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Investing legend Peter Lynch, who managed the flagship Magellan Fund for Fidelity Investments, encouraged individuals to beat Wall Street by buying stocks that they saw doing well on Main Street. From 1977 to 1990, when Lynch managed the Magellan Fund, it posted a 29.2% annual return. Clearly something worked. Now, inspired by the investing legend, I have picked three companies that I have personal experience with to recommend. Check out my Peter Lynch stocks below.InvestorPlace - Stock Market N