Phew! Hey readers — I'm Phil Rosen. I'm still in shock after last night's episode of Succession — no spoilers, but dang(!). Talk about drama.
Today we're diving into how a recession could affect the stock market — and why it may not be all bad in the eyes of investors.
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Good morning, Opening Bell crew. Senior reporter Phil Rosen here.
Yesterday, Fed Chair Jerome Powell gave a speech at the Economic Club of Washington, saying the stronger-than-expected labor market is going to make the inflation fight difficult.
"It kind of shows you why we think this will be a process that takes a significant period of time," Powell said, adding that the path forward is "probably going to be bumpy."
