#Democrats dare to sound bullish on the economy

#Democrats dare to sound bullish on the economy

Democrats dare to sound bullish on the economy Democrats are starting to feel good about the economy’s direction, with a five-month downward trend in prices and less aggressive action on interest rates signaling a possible change in fortunes.  “I think we’re in a better moment, I think we’re in a better moment,” said Sen. Jon…

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#Fed slows pace of rate hikes as inflation cools

#Fed slows pace of rate hikes as inflation cools

“Fed slows pace of rate hikes as inflation cools” The Federal Reserve dialed back the pace of its inflation-fighting effort on Wednesday as officials seek a delicate balance between taming prices and avoiding a sharp recession. The rate-making Federal Open Market Committee hiked its benchmark interest rate by a half percentage point following a two-day…

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#Recession fears rise as Fed eyes another interest rate hike

#Recession fears rise as Fed eyes another interest rate hike

“Recession fears rise as Fed eyes another interest rate hike” Investors are increasingly worried that the Federal Reserve will steer the US economy into a major recession – even as policymakers meet Tuesday to consider voting on a seventh straight interest rate hike. The Fed is widely expected to enact a half-percentage point interest rate…

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