NY Times 23-09- 2022
https://www.nytimes.com/2022/09/23/business/stock-market-today.html
Stocks nose-dived, government bond prices plummeted, the pound dipped against the dollar, oil prices slumped and cryptocurrencies wobbled on Friday as investors, already worried about rising interest rates and stubbornly high inflation, started quaking at the growing likelihood of a recession. Their worries grew throughout the week as central banks around the world, from Sweden to Indonesia, once again wielded their blunt but powerful tool — interest rate increases — to combat inflation. Previous rate increases have already raised costs for consumers and businesses. Further ones could augur a period of higher unemployment and slower economic growth.
2022-09-24
