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The U.S. is not in a recession, another ‘unusually large’ hike in September, followed by a slowdown — Fed Chair Powell

The U.S. is currently not in a recession, according to Federal Reserve Chair Jerome Powell. And that means another “unusually large” rate hike could be in store in September, followed by a slowdown in tightening. Powell gave a press conference after the U.S. central bank raised rates by 75 basis points for the second time…

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