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US Recession Odds Surge Over 70%

The Breakdown

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The Fed Can't Print Oil

iReporter: The fed announced a 75 basis point rate hike, as the market had come to expect. In powell's speech and the cuenae that followed, they spent a lot of time on things that the fed can't control. When questioned about whether the fed was attempting to tip the economy into a recession, chairman powell denied that this was the policy aim. Market analysts seem to think differently. We now judge that recession next year is more likely than not. But i feel there's a good chance for reading in 20 years which like the recession of 22 23 would be yet another reaction to energy price shocks.

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