Over the past several days, financial markets worldwide have experienced dramatic fluctuations, with notable activity ricocheting from the United States to Japan and across emerging markets. The tumble began from Thursday last week. On Monday, August 5, the Japanese stock market index, Topix, again experienced a significant downturn, closing 12% lower, marking its worst performance since 1987. Meanwhile, the S&P 500 index ...

Wall Street has experienced significant volatility over the past several days, with a relief rally on Tuesday helping to mitigate some of the damage caused by intensified recession fears last week. In the market's eyes, the Federal Reserve is either on the brink of averting a recession or at risk of repeating its past mistakes by failing to recognize an impending economic downturn in time.
Traders are currently pricing in a strong p...