US recession a growing fear as Fed plans to keep rates high

Written by on December 16, 2022

WASHINGTON (AP) — After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed — and unconvinced that its fight against accelerating prices is anywhere near over.

On Thursday, stock markets buckled on the growing realization that the Fed may be willing to let the . . .



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