The stock market has been under tremendous pressure this year, with inflation running at a multi-decade high and the Fed aggressively raising interest rates to tame it. Although the stock market registered an impressive rally in the previous month, Goldman Sachs believes the market is yet to hit bottom.
While investors are awaiting the July inflation report this week, CNBC’s Jim Cramer said that the Fed could launch another rate hike this month if inflation doesn’t show signs of slowing down.
