Headwinds, such as the multi-decade high inflation, the Fed’s aggressive interest rate hikes, and persistent geopolitical tensions, have resulted in a massive sell-off in equities since the beginning of the year. Despite the recovery since July, many analysts believe the markets will tumble further if the Federal Reserve continues its aggressive interest rate hikes.
Minutes from the Federal Reserve’s recent policy meeting showed that the central bank would continue its aggressive policy tightening until inflation reached its target level. The anticipation of further interest rate hikes is expected to keep the market volatile in the near term.
