US central bank raises interest rates for first time since 2018
The Federal Reserve raises rates despite Ukraine uncertainty to try to curb soaring inflation. …
“The probability of a recession in the next year or so is not particularly elevated,” he said at a press conference following the Fed meeting. “All signs are that this is a strong economy, one that will be able to flourish, not to say withstand, but certainly flourish as well in the face of less accommodative monetary policy.”
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