America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools, but signaled
America s Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools, but signaled the battle is not yet over.
America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools, but signaled the battle is not yet over.
Against this backdrop, the world s largest economy expanded 2.1 percent for all of 2022, down from the figure in 2021, according to Commerce Department data.
The economy grew 2.9% in the fourth quarter but a recession is still likely in 2023, experts say. Sharp Fed rate hikes are expected to take bigger toll