Amid high prices, consecutive rate hikes, and rising recession odds, market volatility has heightened this year. The CBOE Volatility Index is up 40.5% year-to-date.
Aneta Markowska, a chief financial economist at Jefferies Financial Group Inc., expects an economic downturn to commence by the third quarter of 2023. She said, “It could start out feeling like a mild recession, but then intensify as we move through time.”
