Wild swings in the stock markets are expected to continue, with the Fed staying focused on bringing inflation under control. Aggressive rate hikes have also led to fears of an economic slowdown, like a sword of Damocles, haunting investors, and consumers alike. Moreover, the GDP has unexpectedly contracted for two consecutive quarters, indicating that the economy is on the cusp of a recession.
Despite the payroll gains in August, analysts expect the Fed to put more weight on the upcoming CPI data. Amid a volatile market backdrop and an uncertain outlook, investing in high-quality stocks can help your portfolio stay resilient.
