Since the beginning of this year, the stock market has been in correction territory as the Federal Reserve hinted at a rise in interest rates from near zero as soon as March after bond-purchase tapering ends. The market is predicting four rate hikes in 2022 due to omicron-induced inflationary pressures.
However, according to The Conference Board, the U.S. real GDP is expected to rise 3.5% in fiscal 2022. This should bode well for stocks that possess solid growth attributes.
