With the announcement of the fourth consecutive 75-bps rate hike last week, the Fed also set expectations for further, albeit rather smaller, interest rate hikes in the future until inflation is brought satisfactorily under control.
Furthermore, with the economy refusing to cool down fast enough, as evidenced by the latest employment data, we may have yet to see the last of this current episode of market volatility. Due to widespread market sell-off, most stocks have suffered significant price declines.
