Market Risks Loom Beyond Iran in a Fragile Global Economy
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Donald Trump's decision to attack Iran has injected a new and potentially long-lasting shock into the global economy at a time when investors were already grappling with an array of forces threatening to upend their confidence.
There’s the emergence of AI as a disruptive technology. There are the soured loans starting to pop up in the booming private-credit industry. There's the softening of the US job market. And there's the stubbornly high inflation that's casting doubt on whether the Fed will be able to resume cutting interest rates — and possibly even force central banks in Europe to start raising them.