Fed's aggressive rate hikes raise likelihood of a recession
Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it
Source: go.com
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EXPLAINER: Recession fears grow. Just how high is the risk?
WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three
Source: bedfordgazette.com
Hot inflation dims likelihood Fed can achieve 'soft landing'
WASHINGTON (AP) — For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without
Source: lancasteronline.com
Red-hot summer job market awaits US teens as employers sweat
WASHINGTON • Mary Jane Riva, CEO of the Pizza Factory, has a cautionary message for her customers this summer: Prepare to wait longer for your Hawaiian pie or calzone.
Source: djournal.com
More job gains point to a solid economy and Fed rate hikes
WASHINGTON — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates.
Source: keysnews.com