High Inflation & Anxiety About Recession
b'"Caught in the squeeze between historically high inflation and elevated anxiety about recession risk, the job market is being closely watched for signs whether it is the next proverbial shoe to drop. Adding to a toxic brew of challenges and uncertainty is the higher interest rate environment, which the Federal Reserve has signaled could prevail for years," says Mark Hamrick. According to the Bankrate.com economist survey, the odds of a recession over the next 12 to 18 months is about even or 1 in 2.'