Consumer-Driven Service Stocks: Marsh & McLennan, Jack Henry, and American Express

Stubbornly high inflation and solid consumer spending are creating a unique situation in financial markets. As the Federal Reserve navigates uncertain policy, consumer-driven service stocks are gaining attention.

Some companies linked to everyday services may benefit from resilient demand, while others feel pressure from higher discount rates.

Marsh & McLennan Companies (MRSH) is a global professional services firm that helps businesses manage risk and insurance coverage. The company's mix of insurance broking and consulting links it directly to essential consumer-facing financial and risk services.

Marsh & McLennan generates most of its revenue from Risk and Insurance Services, with a further contribution from its Consulting segment. With a market capitalization of US$92.3b, the company offers high returns on equity and a growing dividend that yields about 2.05%.