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US economy grew at end of 2022, defying recession fears

Por: ABC7 World January 26, 2023

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hikes imposed last year by the Federal Reserve that aim to slow 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 gross domestic product data arrives days before the Federal Reserve decides whether to impose another interest rate hike, its first opportunity to do so this year. Last month, the Fed its short-term borrowing rate 0.5%,... + full article



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