Investors fear the Fed’s aggressive higher rates will plunge the economy into a recession, followed by Friday’s unexpectedly strong U.S. nonfarm payrolls report.
Category: Features
Economists warn of global recession danger ahead of World Economic Forum at Davos.
Investors are trying to anticipate whether inflation has headed “sustainably” while it helps influence the size of the Federal Reserve’s next rate hike.
It is back to normal for global markets in the first macro-packed week of a year, where nobody can predict what holds for investors.
The world’s top central banks will probably wrap up 2022 with hefty rate hikes as their battle against inflation continues.