The Federal Reserve has raised the benchmark interest rates by 75 basis points for the second consecutive month to fight the multi-decades high inflation. While investors are worried that the economy is slipping into a recession, economists caution there’s no reason to panic. Moreover, according to experts, recessions have produced attractive opportunities for long-term investors.
Furthermore, robust corporate earnings reports, despite the challenging macro environment, are providing some optimism. Among the S&P 500 companies that have reported their latest quarterly reports as of July 30, almost 78% topped analyst expectations.
