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.
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