Federal Reserve ratchets up interest rates to combat inflation
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US Economy Shrinks 0.6% in April-June
Battered by surging consumer prices and rising interest rates, the US economy shrank at a 0.6% annual rate from April through June, the government announced, unchanged from its previous second-quarter estimate. It marked the second consecutive quarter of economic contraction, one informal...
Published On September 30th, 2022
