Fed Authorizes Biggest Interest Rate Hike In 28 Years, As Experts Worry Its Fight Against Inflation Will Spark Recession
Economy And Jobs,Federal Reserve,Banking And Finance,Jerome Powell,Interest Rates,Inflation,Recession
From the Center
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The Federal Reserve on Wednesday instituted the largest interest rate hike in 28 years as it escalates its fight against the worst inflation in four decades and fends off criticism that it moved too slowly in easing pandemic-era stimulus measures, driving experts to increasingly question whether the economy is headed toward a recession.
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