New York Stock Exchange traders watch US Federal Reserve chairman Jerome Powell announce a 75-basis point rise in interest rates last week. US stock markets responded with a two-day rally. AP
New York Stock Exchange traders watch US Federal Reserve chairman Jerome Powell announce a 75-basis point rise in interest rates last week. US stock markets responded with a two-day rally. AP

Business

Money

US market rally could be short-lived as recession fears gain traction

The boost in equities can be seen as a relief rally before dropping back as the end of the summer approaches

Gaurav Kashyap
Gaurav Kashyap

August 03, 2022

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