“It’s not just Cardi B. Chief executives of some of the country’s top companies are also getting really worried about the economy.
“The warnings that a recession is coming – including from Tesla CEO Elon Musk and JPMorgan Chase CEO Jamie Dimon – reflect the deep uncertainty being felt in the country’s executive offices as inflation hits its highest annual rate in over 40 years.
“The Federal Reserve kicks off its two-day meeting on Tuesday. Most analysts had expected the central bank to raise interest rates by half a percentage point for a second consecutive month, but a stronger-than-expected inflation report last week has markets believing an even bigger move could be coming.
“And the central bank is almost certain to continue raising interest rates pretty aggressively in coming months as inflation continues to soar.”
Read more at NPR