Recession fears are surging among global executives, with a majority predicting a looming downturn as a result of soaring inflation and rising interest rates, a new survey shows.
The Cow Guy Group founder Scott Shellady and Prosper Trading Academy CEO Scott Bauer discuss what sectors they are closely watching as Fed tightening rattles markets on 'The Claman Countdown.'
"CEOs and other C-suite executives see the war fueling inflation through energy price volatility and higher costs for scarce inputs. This is leading to concerns over margin compression," the survey said. / Getty Images) "There’s a path for us to get there," Powell said Wednesday, referring to a soft landing. "It’s not getting easier. It’s getting more challenging." prompted a flood of downwardly revised economic forecasts on Wall Street: Bank of America raised the odds of a recession next year to 40%, while JPMorgan Chase strategists said the S&P sell-off suggests an 85% chance of a downturn.