Wall Street is facing a $9 trillion problem | CNN BUSINESS

CNN BUSINESS | Wall Street is facing a $9 trillion problem

London (CNN Business) – Central banks were the superheroes of the early phase of the pandemic, taking dramatic steps to save the economy and financial markets from ruin.

Now, as the recovery kicks into gear, they’ve become a major risk for investors.

What’s happening: The latest reading of the Back-to-Normal Index from CNN Business shows that the US economy’s comeback is 90% complete. But investors are increasingly worried that the Federal Reserve, observing such promising data and rising inflation, will make a damaging mistake, such as moving too soon to roll back unprecedented levels of support — or ignoring growing problems until they’re too late.  —read more

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