(Bloomberg) -- The week's turmoil in financial
markets casts doubt on the Federal Reserve's forecast of a
gradual U.S. economic recovery in the second half, raising the
odds it will need to shift its focus to spurring growth from
fighting inflation.
The turbulence, as stocks suffered their worst drop in five
months while corporate borrowing costs soared, threatens a triple
whammy for the economy. It robs investors of spending power,
makes business investment more expensive and may prolong the
housing recession.
Read more at Bloomberg Exclusive News
markets casts doubt on the Federal Reserve's forecast of a
gradual U.S. economic recovery in the second half, raising the
odds it will need to shift its focus to spurring growth from
fighting inflation.
The turbulence, as stocks suffered their worst drop in five
months while corporate borrowing costs soared, threatens a triple
whammy for the economy. It robs investors of spending power,
makes business investment more expensive and may prolong the
housing recession.
Read more at Bloomberg Exclusive News
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