Why some of the country's top CEOs fear a recession is coming
Why some of the country's top CEOs fear a recession is coming
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It's not just Cardi B. Chief executives of some of the country's top companies are also getting really worried about the economy
It's not just Cardi B. Chief executives of some of the country's top companies are also getting really worried about the economy
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The warnings that a recession is coming – including from Tesla CEO Elon Musk and JPMorgan Chase CEO Jamie Dimon –
The warnings that a recession is coming – including from Tesla CEO Elon Musk and JPMorgan Chase CEO Jamie Dimon –
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reflect the deep uncertainty being felt in the country's executive offices as inflation hits its highest annual rate in over 40 years.
reflect the deep uncertainty being felt in the country's executive offices as inflation hits its highest annual rate in over 40 years.
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The Federal Reserve kicks off its two-day meeting on Tuesday
The Federal Reserve kicks off its two-day meeting on Tuesday
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Most analysts had expected the central bank to raise interest rates by half a percentage point for a second consecutive month
Most analysts had expected the central bank to raise interest rates by half a percentage point for a second consecutive month
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but a stronger-than-expected inflation report last week has markets believing an even bigger move could be coming.
but a stronger-than-expected inflation report last week has markets believing an even bigger move could be coming.
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And the central bank is almost certain to continue raising interest rates pretty aggressively in coming months as inflation continues to soar.
And the central bank is almost certain to continue raising interest rates pretty aggressively in coming months as inflation continues to soar.
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The Fed is in the middle of a delicate dance that could end in big economic pain.
The Fed is in the middle of a delicate dance that could end in big economic pain.
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The central bank hopes to slow down the U.S. economy just enough to curb inflation without sparking a major economic slowdown.
The central bank hopes to slow down the U.S. economy just enough to curb inflation without sparking a major economic slowdown.
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But that's often easier said than done. As the cost of borrowing rises across the board for anything from mortgages to bank loans
But that's often easier said than done. As the cost of borrowing rises across the board for anything from mortgages to bank loans
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companies could respond by cutting costs or staff, while people could start paring their spending.
companies could respond by cutting costs or staff, while people could start paring their spending.
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Dimon, who heads one of the world's largest banks, said he sees an economic "hurricane" on the horizon.
Dimon, who heads one of the world's largest banks, said he sees an economic "hurricane" on the horizon.
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