Iran war's impact on oil prices drags down markets
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Oil prices are surging, global energy infrastructure is under threat, and experts are warning that a ripple effect could push the economy toward a recession.
What is a recession? What are the key indicators of a recession? How do government and central banks respond to recessions? What are the causes of recessions? How can individuals and businesses prepare for a recession? A recession is a major downturn in a ...
While the Fed is projecting growth, four key threats could derail the economy in 2026: policy-driven inflation, "stagflation lite," consumer exhaustion and a potential artificial intelligence bubble. While these "aren't necessarily recession triggers on their own, they could compound into something more serious if they collide," McInnis says.
Some economists cautioned the U.S. economy would be able to absorb the shock of the Iran war.
Before war erupted in the Middle East three weeks ago, there were already warning signs building in the global economy.
Goldman Sachs lifted its 12-month US recession probability to 25 percent, up five points from January.
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