The decades-high inflation and the Fed’s hawkish stance with a likely 75 basis point hike in July have led to recession fears. According to a Reuters poll of economists, the likelihood of a recession over the next year rose to 40%.
Nevertheless, a strong labor market growth seems to have somewhat regained investors’ confidence in the stock market lately. Rob Williams, managing director of financial planning at the Schwab Center for Financial Research, said, “In a down market, every dollar you can invest goes further, with more room to grow over time.”
