_{FINANCIAL NEWS}
Double Trouble Looms: Recession or Inflation - You Pick Your Poison

A leader of low-wage workers in the US told the Federal Reserve that high inflation is worse than a recession. Even though a recession means job losses, this group can rely on friends and family for help. However, with high inflation, everyone is struggling and there's no safety net. This comment made the Fed rethink its approach, because even in a strong economy with low unemployment, high inflation can make people feel miserable. Read More.

_{ECONOMIC FOCUS}

Hiring Crash? Job Market Slump Sparks Fears of Recession

The American job market boom might be SCREAMING to a halt. New job openings just PLUMMETED to a 3-year low, at a chilling 8.1 million in April. This comes despite a crazy tight job market for over a year. Economists finger the Federal Reserve's interest rate hikes aimed at taming inflation as the culprit. While things aren't collapsing yet, there are far fewer opportunities, and that scorching fast wage growth might be cooling. Here's the truly scary part: even with fewer openings, there are still more jobs than unemployed people. But that could change fast. The high quit rate might be a sign workers are JUMPING SHIP before the wave of layoffs hits. Buckle up, because the once-sizzling job market could be headed for a ROUGH landing. Read More.