Economists Foresee Worsening Recession as Federal Reserve Continues to Hike Rates

With the Federal Reserve indicating that it has nary volition to halt hiking interest rates until inflation cools down, experts are disquieted that specified actions would extremity up plunging the state further into recession. The 12-month Consumer Price Index (CPI), which measures yearly inflation, has stubbornly remained astatine oregon supra 7.5 percent for each azygous period this year. On Wednesday, the Fed announced its 4th consecutive interest-rate hike of 0.75 percent,...