Jerome Powell, the chairman of the Federal Reserve, recently stated that the Fed could slow down its rate hikes beginning in December 2022. The Dow has gained significantly post this announcement. It went up more than 20% above its 52-week low and entered a new bull market.
Moreover, the U.S. economy remains pretty resilient despite lingering macro headwinds. Consumer spending and strong labor market circumstances might help the economy overcome any possible growth slowdown.
