Wall Street largely took documents from the meeting and comments from Federal Reserve chair Jerome Powell to imply higher-for-longer interest rates.
Against this backdrop, here's the list of defensive stocks to play a mixed market, compiled using the new CNBC Pro stock screening tool .
All stocks on the list meet the following criteria: Beta rating, which measures a stock's implied risk to market moves, under one.
A beta rating above one typically indicates higher volatility.
Fast-food giant McDonald's has a 0.65 beta rating, and its stock has added about 3% from the start of the year.
Persons:
Jerome Powell, Powell, Mondelez
Organizations:
CNBC Pro, Federal, Fed, Nasdaq, Dow Jones, Kroger, Friday's, KR, Hasbro, Lionsgate, Bunge