US Federal Reserve Chair Jerome Powell had given his most explicit acknowledgement to date that steep interest rate hikes could tip the economy into a recession, and it would be very challenging to achieve a soft landing. He also reiterated the Fed's resolve to get inflation back to the two per cent mark, adding that ongoing rate hikes will be appropriate to cool the hottest price pressures in four decades. But have markets been given enough time to react to the recent rate hikes, before the Fed is expected to further raise rates next month? And to what extent are markets expected to perform in the meantime? When will the US economy slip into a recession? In Market View, Prime Time’s Finance Presenter Chua Tian Tian posed these questions to Steve Brice, Chief Investment Officer, Standard Chartered Wealth Management.