• AFP-Jiji

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A massive interest rate hike by the U.S. Federal Reserve, and promises of more to come, are fueling warnings that the only offramp from the searing price hikes engulfing American families is a full-blown recession.

The Fed remains hopeful it can slow activity and demand, cooling the blistering pace of inflation without derailing the world’s largest economy. But skepticism is growing about the chances of success.

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