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On The Money — Fed ramps up rates with recession fears rising ...Middle East
The Federal Reserve is ramping up its efforts to bring inflation down from four-decade highs. We’ll also look at the surprise revival of major pieces of Biden’s economic agenda and the passage of a big bipartisan deal. But first, Justice Clarence Thomas has lost one of his jobs. Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan Lane, Aris Folley and Karl Evers-Hillstrom. Someone forward you this newsletter? Subscribe here. Fed hikes interest rates amid recession fears The Federal Reserve announced another steep interest rate hike Wednesday, ramping up its efforts to bring inflation down
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