The continued growth in the fourth quarter showed the resilience of consumers and businesses in the face of rising inflation and interest rates.
Tag: Recession and Depression
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After a Burst of New Businesses, a Cooling Economy Intrudes
The pandemic has brought a boom in entrepreneurship, but higher interest rates, a chill in venture capital and fears of recession now pose obstacles.
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Lower Inflation Presents the Fed with a Paradox
The fact that consumer prices fell isn’t entirely a good thing for the Federal Reserve.