As widely expected, the Fed has raised interest rates by 75 basis points for the fourth consecutive time today. While the central bank intends to reduce the pace in the future, the market volatility is not expected to ease anytime soon, with recession worries remaining intense.
While institutional fund managers on Wall Street sell their stocks and run for the hills to protect their market gains, bargain hunters may consider this golden opportunity to scoop up quality stocks available at discounted valuations.
