Explained: Fed Reserve rate hike, US recession and impact on India - The Indian Express

The US economy is facing a curious situation. On the one hand, it is experiencing a four-decade high inflation rate and, on the other, its unemployment rate is at five-decade low.

In its continuing bid to cool down raging inflation in the United States at 9.1% in June, the inflation rate is at a four-decade high the Federal Reserve or Fed (US central bank) decided to raise the… [+8152 chars]

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