The stock market has faced intense selling pressure of late on concerns over further interest rate hikes to control the high inflation, which may push the economy into recession. A potential slowdown in consumer spending and the continued geopolitical tensions are the other factors leading to bearish investor sentiment.
According to JPMorgan Chase CEO Jamie Dimon, the chances of the Fed curbing inflation without instigating a recession stand at 33%. Amid this situation, it could be wise to invest in undervalued dividend stocks to ensure a steady income stream and increase the chances of gains from their rebound.
