The stock market has been under immense pressure this year due to worries about high inflation and the Fed's aggressive interest rate hikes to control it. Additionally, according to the Bureau of Economic Analysis, the U.S. economy contracted at a 0.6% annual rate from April through June.
The Dow Jones Industrial Average made a significant recovery from its 2022 low on Wednesday as the Bank of England announced it would purchase bonds to calm its financial markets. However, analysts are concerned that the Fed's policies may eventually drive the U.S. economy into a recession.
