The Federal Reserve on Wednesday announced an interest rate hike of 0.5 percent, easing up a bit after a series of much higher increases.With inflation at a record high, the Fed has been scrambling to get interest rates high enough to discourage people from spending money, slowing the economy down in turn. The last four rate hikes have been 0.75 percent.The risk is that growth will slow while prices and borrowing rates stay high, sending the economy into a recession. Fortunately, there have been some signs that inflation is finally starting to ease a bit.In a statement, the Fed pointed to supply chain issues and high food and energy prices due to Covid-19 and the war in Ukraine as main facto
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