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Greg Ip: Markets Brace for Hard Landing as Fed Delivers Sobering Message


Wall Street sees inflation-taming efforts as likely to result in a recession. This time, markets understood quite clearly what the Federal Reserve meant: Inflation is too high and it will likely take a recession to get it down.There is really no other way to interpret the economic and interest-rate projections Fed officials released Wednesday,

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Posted: September 22, 2022 Thursday 05:30 AM