Markets on Edge as Rate Hikes, Spending Fears Stoke Recession Worries
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Fear cycle impacting stock market with sharp October selloff into correction territory.
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Brutal bond rout pushing Treasury yields near 5%, increasing borrowing costs.
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Fed expected to hold rates steady but future hikes uncertain amid high inflation.
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Government spending worries flare with estimated $1.5 trillion borrowing need soon.
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Jobs report and consumer health in focus as recession fears grow.