Annual U.S. inflation rates reached 8.5% in March 2022, marking a 40-year high. With the prices of gas, foodstuffs and labor soaring, the Federal Reserve is anticipated to continue a series of aggressive rate hikes. While the Fed approved a 25-basis-point hike in March, the markets have been pricing in a series of aggressive 50-basis-point hikes, a series that started May 4. With yields on the benchmark 10-year Treasury topping 3% recently, investors have been wrestling with falling bond prices and a volatile sideways trading market that has arguably entered bear territory. However, some assets and sectors remain resilient to inflation, with a few even benefiting from it. Short-term bonds have kept their value, and commodities, gold and energy stocks are all up strongly year to date. Here is a list of seven exchange-traded funds, or ETFs, to buy in the current rising rate environment. Energy Select Sector SPDR Fund (XLE) iShares 0-3 Month Treasury Bond ETF (SGOV) Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) Vanguard High Dividend ETF (VYM) SPDR Gold MiniShares (GLDM) Direxion Daily 20+ Year Treasury Bear ETF (TMV) ProShares UltraPro Short QQQ (SQQQ)