In Brief: The Fed's Inflation Fight (with Greg Ip)
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Is a Recession Inevitable?
This week, the federal reserve is expected to raise interest rates by three quarters of a percentage point. This would be the third interest rate increase of that very large size in a row. Why are they raising it so much? Because, as we mention at the outset, inflation is too high. We might get away with what we call a soft landing,. A slowing in growth thate doesn't actually cause unemployment rate to go up and therefore cause a recession.
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