China's Stalled Recovery, Sluggish Consumer Spending, and Rate Hike Fears Hit Global Markets

China's consumer spending is lagging far behind expectations, stalling the country's economic recovery.
The latest news from China is causing pessimism in financial markets worldwide.
Investors fear that the Federal Reserve will continue raising interest rates, negatively impacting the U.S. economy.
The U.S. stock market, oil prices, bonds, crypto, and more are experiencing declines in value.
Key economic reports on employment and job openings in the U.S. are anticipated to impact markets further this week.