The Federal Reserve’s aggressive policy measure to bring down rampant inflation, which has surged to a 40-year high, and looming recession fears have created bearish sentiments in investors' minds lately.
Earlier this month, the Fed raised its benchmark interest rate by 75 basis points, the largest increase since 1994. The S&P 500 has lost 19.9% year-to-date, while the Dow and the Nasdaq fell 14.6% and 28.6%, respectively.
