Fed rate hike: US interest rates hit 14-year high in inflation battle
The US unveils another sharp rate rise as it fights to bring soaring prices under control. …
“There’s a chance – not a big chance – a small chance, of a soft landing, there is a chance of a mild recession, a chance of a harder recession. And because of the war in Ukraine… and the uncertainty that causes in the global energy supply and food supply, there’s a chance could be worse,” he said. “I think policymakers should be prepared for the worst.”
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