Consumer staples have been having a steady year, with the S&P 500 Select Sector SPDR (XLP) rising 6.2% over a 12-month period that ended in February. Per Zacks data, the consumer staples sector has grown 4.6% in the first quarter of 2024 itself.With inflation under control and no interest rate hikes expected in the year, it seems likely that the sector will continue to gain. The primary reason behind this is the availability of more cash in hand for consumers to spend. When rate hikes end, purchasing power ...