The Federal Reserve, along with central banks around the world, has aggressively hiked interest rates in recent months, trying to tame stubborn inflation. On top of it, the Fed is widely expected to deliver a fourth straight 75-basis point rate hike next month.
While the rate hikes are intended to cool down the prices, they also elevate the risk of a recession. Street gurus and top economists have relentlessly warned that a recession is on the way. They warned that unless inflation goes down, the U.S. economy and the stock market present a grim outlook.
