It has been a volatile past few weeks for the major market indexes as August’s CPI (Consumer Price Index) climbed higher than expected, and the Fed announced the third consecutive 75 basis point rate hike.
The Fed’s upward revision of the key rate for this year has severely dented investor sentiment. With the central bank expected to continue to raise rates aggressively in the upcoming months, the odds of a recession by the start of next year are high.
