Fed set to impose another big rate hike to fight inflation

Tuesday, July 26, 2022 | Tag Cloud Tags: , ,

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(Worthy News) – Conflicting signs about the health of the U.S. economy have thrust the into a difficult spot.

With inflation raging at a four-decade high, the job market strong and consumer spending still solid, the Fed is under pressure to raise rates aggressively.

But other signs suggest the economy is slowing and might even have shrunk in the first half of the year. Such evidence would typically lead the Fed to stop raising rates — or even cut them. [ Source: ABC News (Read More…) ]

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