Investors have been increasingly concerned over recession possibilities as the Fed raised interest rates to tame the high inflation. The economy is facing the worst-hit inflation in 41 years, with the consumer price index rising 9.1% from a year ago in June.
Despite the bouts of market volatility, experts believe it’s important to stay invested and to focus on longer-term investing goals, in line with an age-old adage, “It’s all about time in the markets, not timing the markets.” In addition, according to FactSet, S&P 500 companies are expected to post high profits, with a 9.9% earnings increase in 2022, despite the growing recession fears.
