Wall Street set to open lower on recession fears

By Amruta Khandekar (Reuters) -U.S. stock indexes were set to fall at the open on Tuesday, with investors fretting about the possibility of an economic recession as central banks across the world take aggressive actions to contain a surge in inflation. As the Federal Reserve moves away from easy-money policy by raising borrowing costs, the raging bull market of the last few years has hit pause, dragging the benchmark S&P 500 index to its steepest first-half percentage drop since 1970. Traders are now bracing for another 75 basis point hike at the end of the month. Investors will also parse eco…

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