Fed raises US interest rates to highest in 16 years
The US central bank announces its tenth rate rise, while signalling it may be the last increase for now. …
“The fear of a recession is very much present in the economy today,” he said. “I don’t think the inflation battle is over, but we are in a situation where we’re seeing gradual disinflation and we’re also in an environment where interest rates are high and elevated and therefore should be constraining business activity, which should lead to further disinflation in coming months.”
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