The rampant market volatility is evident from the CBOE Volatility Index’s 66.2% year-to-date gains. With the double whammy of soaring inflation and the Fed’s rate hikes, an economic slowdown is nearly inevitable, with the rising odds of a recession.
However, according to Nigel Chalk, deputy director of the IMF’s Western Hemisphere Department, the U.S. recession is likely to be ‘relatively short,’ given the country’s favorable economic condition.
