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elaborate-In the week ended on September 23, the U.S. Federal Reserve continued to raise key interest rates by 75 basis points for the third consecutive
elaborate-In the week ended on September 23, the U.S. Federal Reserve continued to raise key interest rates by 75 basis points for the third consecutive time. Rapidly rising interest rates in the United States and Canada have reignited debate about a possible moderate recession in the short term and led to a market selloff. Last week's massive drop in Bombardier's stock price could be attributed to investors' rising recession fears. Also, concerns that continued inflationary pressures could hurt the Canadian business jet manufacturer's financial performance in the coming quarters by inflating its costs seem to be taking a toll on investors' sentiments
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