From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
A month into Russia's invasion of Ukraine leading to rising gas prices and supply chain issues, the U.S. consumer is focusing on concerns over rising inflation. Jesse Wheeler, an economic analyst for Morning Consult, joined Cheddar News to talk about consumer confidence and the potential for a recession. "Consumer sentiment has really soured forecasters across the board, have lowered their expectations for real GDP growth for the U.S. this year, increased their expectations for interest rates and inflation," he said. "However, I don't think this necessarily means that we're headed for an outright recession anytime soon."
Catching you up on what you need to know on March 25, 2022, with Ukrainian forces retaking Kyiv, 300 deaths reported from the bombing of a theater used as a shelter in Mariupol, U.S. regulators ditch a climate review of natural gas projects, the 94th Academy Awards, and more.
