First on CNN: Next spring the economy will sink into a 1990-style recession, Fitch says

Stubborn inflation and the Federal Reserve’s jumbo-sized interest rate hikes will drive the American economy into a 1990-style recession starting in the spring, Fitch Ratings warned on Tuesday.

​Stubborn inflation and the Federal Reserve’s jumbo-sized interest rate hikes will drive the American economy into a 1990-style recession starting in the spring, Fitch Ratings warned on Tuesday.