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Friday, March 29, 2024

US interest rates hit 14-year high in inflation battle

“There’s a chance – not a big chance – a small chance, of a soft landing, there is a chance of a mild recession, a chance of a harder recession. And because of the war in Ukraine… and the uncertainty that causes in the global energy supply and food supply, there’s a chance could be worse,” he said. “I think policymakers should be prepared for the worst.”

Source: BBC

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