July 5, 2022 1 min readminute reading time.
Weaker data add to recession fears
Weaker data and persistently high inflation seemed to trigger increased recession fears.
June 30, 2022 1 min readminute reading time.
Rapid inflation threatens to derail the expansion as the Fed hikes sharply again
The Fed announced a sharp 75 basis point rate hike at the June FOMC meeting with a similar increase likely in July, too.