The stock market has witnessed a significant plunge this year due to sky-rocketing inflation and Fed’s aggressive moves to tame the price hikes. The Consumer Price Index increased 9.1% year-over-year in June, outpacing the 8.8% Dow Jones estimate. Traders are betting that the red hot inflation might prompt the Fed to raise interest rates by as much as 1% later this month.
Although volatility is expected to remain in the coming months, the major indexes are expected to stand higher by the end of 2022. Moreover, experts believe the current rock-bottom share prices have started to provide promising buy-low opportunities that outweigh the risk of further declines.
