Global markets wobble amid tech crash and higher borrowing costs
Global markets are having a rough time: rising prices and higher borrowing costs are making people worry about a slowdown.
The recent crash in AI and tech stocks has really shaken up investor confidence.
Even though oil prices fell nearly 20% this week, energy bills are still high compared to earlier this year.
All of this is fueling talk that central banks might hike interest rates again, which could make things tougher for everyone.
Weak European data, rising food prices
On top of that, weak economic data from Europe and global uncertainties aren't helping.
Food prices keep climbing, while energy prices remain elevated, with the U.N.'s Food Price Index at its highest in nearly four years.
Higher borrowing costs mean loans get pricier, which can make it harder for companies to grow.
Investors are playing it safe.