Inflationary pressures, a lack of workers, and backlogged supply chains have all stifled the economy. The Federal Reserve’s central bankers are launching the most aggressive battle to stop rising prices in decades. According to the World Bank, major industrialized nations’ contractionary monetary policies will increase the likelihood of a worldwide recession. The likelihood of a U.S. recession, according to Goldman Sachs economists, is far lower, at 35%. As inflation falls and unemployment barely changes, the country will “stick a soft landing.” As other big economies are shaken by issues more severe than those in the US, positive growth may occur.
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