Salem Radio Network News Wednesday, February 8, 2023


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Federal Reserve and the markets in standoff on rate hikes


( ) -q-29- UNDATED (Correspondent Jeremy House) “a mild recession.”

Sooner or later, either Wall Street or the Federal Reserve has to blink.

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Out-cue: a mild recession]

TAG: Correspondent Jeremy House reporting.

VERBATIM: Nearly a year into the Fed’s drive to quash inflation by hiking interest rates at a blistering pace, investors still don’t seem to fully believe what the Fed warns is coming next. That’s higher rates through the end of the year, which could sharply raise unemployment and slow growth. Wall Street has a more sanguine view. Investors believe the Fed will stop hiking rates soon, pause for a bit and then start cutting rates toward the end of the year to combat what many on Wall Street expect will be a mild recession.

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