Stock market tumble could be sign of looming recession, but economic expert says it’s “too soon to panic”

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3 weeks ago
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Stock market tumble could be sign of looming recession, but economic expert says it’s “too soon to panic”

Published Monday 13 June 2022

BOSTON – The rising cost of everyday necessities has consumers restricting how they spend their money. That frustration can be felt at the gas pump, where in Massachusetts, the price per gallon surpassed $5.00."I think they're out of control," one driver told WBZ-TV. "We need gas. I need to get to work, so I don't know what else to do." AAA Northeast spokesman Mark Schieldrop said, "We've never seen prices this high." In turn, the stock market is taking a tumble – a hint that a recession could be looming, according to Boston College Economics Professor Peter Ireland, as the...

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This article was originally published by CBS Boston and was recommended by Stocks48.com a couple of days later due to its popularity. It has gotten a lot of attention and 74 comments have been submitted since it was published in June of 2022. The article "Stock market tumble could be sign of looming recession, but economic expert says it’s “too soon to panic”" is a news post and categorized as Stocks by stocks48.com and the main topics includes Boston College Economics, Boston MA, Business, Economy, Federal Reserve, Markets, Massachusetts Business, Massachusetts State, Stock, Stock Market, Stocks, The Federal Reserve, The Stock Market & Wbz Tv.

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