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Federal Reserve approves another 0.75-point rate hike

Por: ABC7 World November 03, 2022

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by the Fed in recent months as it tries to slash price increases by cooling the economy and choking off demand. The approach, however, risks tipping the U.S. into a recession and putting millions out of work.The fourth rate hike of 2022 also arrives less than a week before the midterm elections.Russia's war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure... + full article



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