‘Don’t see a hurricane, but the risk of recession has gone up”, says Fed’s Loretta Mester

Read full article: https://www.cnbc.com/video/2022/06/03/the-fed-is-in-the-process-of-recalibrating-to-get-to-2-percent-goal-says-cleveland-fed-president-loretta-mester.html

Federal Reserve’s Loretta J. Mester says the risk of a recession has gone up. The S&P 500 (SPY) is down 14% so far this year.

In case of a recession, how much further do you think SPY might sell-off?