Recession seems almost certain with 19 states in trouble already, expert warns

Get ready for a recession that hammers consumers, squeezes companies, and drags down stocks, a veteran economist warned. "There is a very high probability of a recession," Nancy Lazar, Piper Sandler's chief global economist. Lazar cited the delayed impacts of the Federal Reserve's interest-rate rises and credit drying up as two likely drivers of a downturn.