The Fed signaled it will make aggressive policy moves in response to rising inflation, includings. Fed officials also see as many as three rate hikes coming in 2022.
"There are serious headwinds to worry about," Brad McMillan, chief investment officer at Commonwealth Financial Network, said in a note. "Inflation is at the highest level in decades. Supply chain problems seem to be insoluble. If these issues keep getting worse, they could derail the recovery."has rallied over 27% this year to a record high as the market climbed a wall of worry from surging inflation to the ongoing pandemic to the rollback of monetary stimulus.
Among different asset classes, equities are still investors' top choice for 2022, according to the survey result. "While inflation is a concern and source of volatility, it also makes stocks the most compelling choice among the major asset classes," Tony DeSpirito, chief investment officer of U.S. fundamental active equity at BlackRock, said in a note. "Individual companies will manage through differently, highlighting the importance of a stock-by-stock approach.
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