Markets are a mess, and not just in the United States, where the three major stock indexes are down more than 20% each from their highs. “Everything is starting to take a big hit,” says Edmund Shing, the global chief investment officer at BNP Paribas Wealth Management. Around the world, markets are reeling with unpredictability. […]
Tag: Recesssion
US barreling toward recession, experts say, as inflation hits 40-year-high
Inflation hit a 40-year high in February, and the worst is yet to come as the U.S. economy barrels toward a recession, experts say. The consumer price index (CPI) climbed 7.9% on an annual basis, according to data released Thursday by the Bureau of Labor Statistics. Month over month, inflation rose 0.8%. Gas jumped 6.6% […]