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Recession fears rise as Fed eyes another interest rate hike

Por: New York Post Business December 13, 2022

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Investors are increasingly worried that the Federal Reserve will steer the US economy into a major recession – even as policymakers meet Tuesday to consider voting on a seventh straight interest rate hike. The Fed is widely expected to enact a half-percentage point interest rate hike at the meeting’s conclusion on Wednesday. Fed Chair Jerome Powell has signaled ongoing rate increases are necessary to ensure inflation returns to normal –... + full article



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