Concerns over the Fed’s aggressive interest rate hike in July as inflation surged to 9.1% last month and a potential recession have led to a broad-based market sell-off earlier this week. However, oil and gas prices falling to levels last seen before the Russia-Ukraine war and a steady 3.6% unemployment rate for the fourth consecutive month are raising hopes about moderate inflation.
However, the stock market volatility is not expected to ease anytime soon. Therefore, this could be an opportune time to scoop up quality stocks trading at attractive prices to benefit from their rebound.
