Covid-induced recession

The US has reached a crossroads where the Federal Reserve is pricing in five rate hikes while expecting that they will not necessarily break the market or break the economy. Photo: Reuters
Bloomberg Special

Inflation or recession: Which should you fear more?

Prices are surging and the odds of a slowdown are rising, too. Money managers offer suggestions on how to prepare your portfolio now

Pedestrians wearing protective face masks, following the coronavirus disease (COVID-19) outbreak, walk past a show window of a department store in Tokyo, Japan, May 18, 2020. REUTERS/Kim Kyung-Hoon
Global Economy

Japan's economy vaults back from Covid-induced recession, but outlook murky