The stock market has witnessed significant volatility this year due to economic and geopolitical headwinds. Record high inflation, the Fed’s persistent interest rate hikes, and the recession fear primarily dampened investor sentiment.
While worries about a potential downturn have been rising, Matt Schoeppner, senior economist at U.S. Bank, believes that despite real GDP being flat, the U.S. economy might avoid a recession in the upcoming term. Also, the Inflation Reduction Act is expected to reduce prices to a great extent and help improve consumer sentiment.
