The central bank of the U.S. raised benchmark interest rates by 75 basis points on Sept. 21.
The Federal Reserve is raising interest rates to combat rising inflation. One of the side effects of the tightening of monetary policy could be an economic recession. This video will highlight why Chegg (CHGG -3.92%) is one growth stock that could do well in that scenario.
Stock prices used were the afternoon prices of Sept. 22, 2022. The video was published on Sept. 22, 2022.
Parkev Tatevosian has positions in Chegg. The Motley Fool recommends Chegg. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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