will a recession hit the United States?

Outside the headquarters of the US Federal Reserve in Washington, DC To deal with galloping inflation, the US central bank is tightening its monetary policy. CHRIS WATTIE/REUTERS

Macroeconomics, monetary policy, market phenomena: every week, the Figaro Bourse et placements offers insights from a finance professional.

The fall in US stock markets last Friday, and more generally in April, challenged John Plassard, investment specialist at Mirabaud. “The Nasdaq is thus experiencing its worst month since October 2008, the S&P 500 its worst session since June 2020 and the Dow Jones has lost nearly 1,000 points.“, he notes.

Inflation desperately seeking peak

Setbacks driven by soaring inflation and fears that by June rates will rise at a speed not seen since 1994.”The Personal Consumption Expenditure (PCE) price index in the United States rose 6.6% year-on-year in March 2022, after a revised rise at the down 6.3% in February. This is the strongest increase ever recorded“, he points.

Besides, “GDP, corrected for galloping inflation and seasonal variations, the famous “real” GDP, fell by 0.4% in the 1st quarter of 2022, compared to the 4th quarter of 2021, which translates into…

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