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Tuesday, November 19, 2024

The Fed’s own economists are sounding the recession alarm — and warning that more interest-rate hikes could tank the US economy

The Federal Reserve’s own economists have sounded the alarm on a potential recession, warning there’s a serious risk that the US economy slumps into a painful downturn next year. The central bank’s staff flagged rising pressure on consumer spending, trouble overseas, and higher borrowing costs as …

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