Inflation is hovering near its multi-decade high, and aggressive interest rate hikes by the Fed in response have started getting reflected in the third-quarter earnings of tech majors, such as Microsoft Corp. (MSFT), Alphabet Inc. (GOOGL), and Meta Platforms Inc. (META).
Moreover, with the U.S. economy growing at a 2.6% CAGR over the last quarter, the Fed looks all set to match the ECB’s interest rate hike of 75 basis points during its meeting next month. This could drive a fresh bout of volatility in the stock market.
