Concerns are growing on Wall Street about a looming recession. The focus remains on inflation and gas prices, with President Joe Biden suggesting he may take new action.
The Federal Reserve raised interest rates, with the biggest hike in nearly three decades, in order to help fight inflation. The move also triggers fears about the possible side effects, an economic slowdown or even a recession.
(ABC News)- Six in 10 Americans say a recession is likely in the next year and as many are concerned about higher prices because of the trade war with China, helping to knock 6 points off Donald Trump’s job approval rating in the latest ABC News/Washington Post poll. Trump fell from a career-high 44 percent approval in July to 38 percent now,…