"Banks are likely to become somewhat more cautious. That does tend to lead to somewhat greater restriction in credit that could be a substitute for further interest-rate hikes that the Fed needs to make."
Millennials expect they'll need $1.3 million for a comfortable retirement, but only 29% expect to reach that. Older workers say they'll need $1.1 million, and only 21% expect to reach it.
The IMF trimmed its global-growth projections, warning of high uncertainty and risks as financial-sector stress adds to pressures emanating from tighter monetary policy.