Here are 3 ways the world could be hit
Global recession
A more aggressive Fed is likely to have ripple effects throughout the global economy, and as such, Friday’s inflation print triggered a multi-day sell-off of stocks worldwide.
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Central bank knock-on effect
The European Central Bank last week confirmed its intention to hike its main interest rate by 25 basis points at its July meeting, with a further hike slated for September.
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‘Profit recession’
Along with the prospect of a global economic recession, investors should also be wary of an incoming “profit recession,” according to Guy Stear, head of emerging markets and credit research at Societe Generale.
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https://www.cnbc.com/2022/06/15/fed-hikes-have-global-ramifi…