With inflation still hovering near its highest level in 40 years and the central bank raising interest rates by another 75 basis points last week to control it, the market is expected to remain under pressure.
While the Fed indicated slower rate hikes in the future amid widespread support in its favor, some investors fear that the interest rates could go as high as 6%, the highest since 2000. Moreover, with anticipations and apprehensions regarding the outcome of the midterm elections adding to the already high entropy, wild swings on either side are set to continue in the foreseeable future.
