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Fed Workers Warn Probability of Recession Now Close to 50%

“Federal Reserve employees economists briefed policymakers this month that the probabilities of a US recession within the subsequent yr had risen to virtually 50% on dangers of slower shopper spending, international financial dangers and additional interest-rate hikes,” Bloomberg reviews.

Wall Street Journal: “Most Federal Reserve officers thought they need to gradual the tempo of interest-rate will increase after approving a 0.75-percentage-point price rise at their assembly earlier this month to battle excessive inflation.”

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