Some experts predict a recession will hit the U.S. economy within 18 months due to converging global and domestic forces.
In particular, the U.S. job market unexpectedly contracted in early August, triggering a sharp market correction. In July, investors were concerned that the Federal Reserve might keep interest rates elevated longer than expected, given slower job growth and higher unemployment rates. It sent shockwaves through the market when this abrupt sentiment shift occurred.
