This year, the stock market has faced significant challenges because of geopolitical and macroeconomic headwinds. The major market indexes have delivered negative returns year-to-date.
Inflation has flirted near multi-decade high levels over the past few months, and it remains way above the Fed’s long-term target of 2% despite its aggressive interest rate hikes. The Fed has raised the benchmark interest rates six times this year, the most recent being a 75 basis point hike.
