Recession fears grow as experts predict economic downturn in the US.

The US economy is in a "rolling recession," with some sectors already in decline while others, like travel and leisure, remain strong, according to David Bailin, Chief Investment Officer at Citi Global Wealth Investments. The Federal Reserve's task of cooling the economy through rapid interest rate hikes in order to tame inflation has not been an easy one, and the longer interest rates stay at this level, the likelier it is that other sectors will be impacted. However, until bigger cracks start appearing, some strategists are cautious to call it a recession in the near term.