US Recession Incoming: Top Economist Predicts 30% Stock Market Crash

Americans are facing continued pressure from higher prices, including a recent surge in energy costs linked to geopolitical tensions. Energy prices rose 12.5% year-on-year in March, the largest increase since 2022. At the same time, real disposable income growth has slowed to 0.4% annually — its weakest pace in around three years — while the personal savings rate has fallen to 3.6%.