Why Tomorrow Could Be a Huge Day for the Stock Market
The stock market this year has largely been in a state of uncertainty. That's because inflation has run rampant, and the economic outlook has gotten more and more negative to the point where most investors are now expecting some kind of recession next year or in 2024.
After four consecutive jumbo 0.75 percentage point interest rate hikes, the Federal Reserve finally seems to be making some headway in its war with inflation, although how persistent inflation might be is still a bit of a mystery.
Tomorrow, the market will get more insight into how inflation is trending, which could also impact investors' broader view of the economy heading into 2023. It could be a huge day for stocks. Let me explain.
Source Fool.com
