Dow Jones tumbles 1,276 points following US CPI data
“The Fed has increased (interest rates) by three full percentage points in the last six months,” Nolte said. “We have not yet felt the full impact of all those increases. But we will feel it.” “We are at recession’s doorstep.” Worries persist that a prolonged period of policy tightening from the Fed could tip the economy over the brink of recession.
