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Fears of Recession Intensify as US Inflation Rises to 8.5 Percent

Fears of Recession Intensify as US Inflation Rises to 8.5 Percent
People walk through Times Square in New York City on July 13, 2021. ANGELA WEISS/AFP via Getty Images
Emel Akan
Emel Akan
Reporter
|Updated:

U.S. inflation accelerated to an 8.5 percent annual rate in March, heightening fears of a recession.

Some economists believe that regaining control of prices will require far more aggressive rate increases by the Federal Reserve, which may topple the U.S. economy into a recession.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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