CNN Business: The Stock Market Sell-off Could Be Just Getting Started

Article by David Goldman in CNN Business

If you're nervous about the stock market, you've got good reason to be: Central banks around the globe are losing the battle against inflation, and their response could plunge the global economy into a recession.

Step back: Last week, the Federal Reserve hiked interest rates by three-quarters of a percentage point — its biggest rate rise since 1994. The Bank of England increased its target rate, too, for the fifth time since December. And the Swiss central bank raised rates for the first time in 15 years...

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