- The odds of the U.S. going into a recession are rising
- During recessions a lot of people get laid off
- Stocks tend to plunge during recessions but it could create a good buying opportunity
The odds that the U.S. economy will go into a recession are increasing recently after the S&P 500 fell into a bear market for the first time since early 2020.
Economic growth in the first quarter of this year also declined by 1.4% in terms of GDP. Inflation hit a new 40-year high last month. Now all eyes are on the Federal Reserve to hike interest rates even more aggressively, but that may help fuel a recession if it causes unemployment to tick back up and spending to fall.
