All eyes are on the Federal Reserve to see how high Jerome Powell raises interest rates.
BlackRock's Gargi Chaudhuri expects a 75 basis-point hike, and thinks rates won't be cut until 2024.
She says investors should buy high-quality stocks in defensive sectors, plus inflation-linked bonds.
That's according to Gargi Chaudhuri, head of investment strategy at BlackRock's iShares Americas unit, which currently manages around $2.13 trillion in assets.
Specifically, Chaudhuri recommended investors consider short-duration bonds like 1, 2, and 3-year US Treasuries, 1 through 5-year investment-grade corporate bonds, and front-end inflation-linked bonds.