With inflation as high as 9% in the past year, Powell's colleagues were all-in on the fight to curb price pressures, with another 25 basis-point hike is expected Wednesday that might be the concluding increase. Yet that consensus is already showing signs of splintering, amid inflation that remains too high while Fed staff - and many private economists - see a recession in coming months.from Stocks-Markets-Economic Times https://ift.tt/q6nLQPC
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