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The Federal Reserve raised the benchmark interest rates by 75 basis points yesterday to bring down high inflation levels. The Fed interest rate hikes so far and the potential of further hikes this year could mean a slowing economy, as borrowing costs are rising steadily. Furthermore, the economy has already met the standard recession definition with two […]
Concerns over the multi-decade high inflation, continued Russia-Ukraine crisis, rising energy and commodity prices, lingering supply chain disruptions, and the possibility of a recession are making investors pull money out of the stock market lately. With inflation hitting a new 40-year high of 8.6% in May, the Federal Reserve hiked the benchmark interest rate by 75 basis […]