The stock market experienced massive volatility in the year's first half due to various macroeconomic and geopolitical concerns. However, better-than-expected corporate earnings and a slight decline in inflation led to the market witnessing a rebound since July.
As inflation remains elevated, many analysts expect the Fed to maintain its hawkish stance to bring inflation to its target level. A robust job market is expected to encourage the Fed to continue tightening its policy. These factors could keep the market under pressure in the near term.
