Fears of a 2023 US recession have been rising as the Federal Reserve attempts to tackle the country’s worst inflation problem in decades.
Far more persistent price pressures than expected have led the US central bank into its most aggressive campaign to tighten monetary policy since the early 1980s.
Top Fed officials concede that bringing inflation back under control will require a “sustained period” of below-trend growth and job losses. No policymaker, however, has yet said a recession is inevitable.
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