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✉news BusinessBanking first seen 16 h ago, last 1 h ago, peak #6

Fed rate hike fuels recession warnings

Original: The Fed Just Raised Interest Rates. Recession is next

The US Federal Reserve has raised interest rates, and commentators are warning that a recession could follow. The hike is part of the central bank's effort to curb inflation, but higher borrowing costs risk slowing the economy sharply. Debate is focused on whether the Fed can bring prices down without triggering a downturn.

Why now: Fresh Fed rate hike renewed fears it could push the US economy into recession.

Federal ReserveUnited States

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