Recession: Is the US Heading an ‘Ugly’ Downturn?

The Fed has said it will not hesitate to keep interest rates high for as long as it takes to curb inflation. As the US central bank prepares to show that it will not back down in its decision to cut prices, the process is unlikely to go smoothly. If interest rates are raised too much, the economy could go into recession. Raise them by too little and inflation will continue to rise.

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