The Federal Reserve is expected to be to raise interest rates as early as March. Stephen Juneau, an economist at Bank of America Corp. (BAC), said, “All of the data is pointing to a very tight labor market. That all support the idea, the Fed will move forward with a March hike.”
On top of this, the disappointing fourth-quarter earnings of major U.S. banks have led the Dow Jones Industrial Average (DJIA) to a 3.3% decline over the past week. And according to ‘Shark Tank’ investor Kevin O’Leary, stock market volatility is expected to be apparent in 2022.
