Bloomberg News: The Global Race to Hike Rates Tilts Economies Toward Recession
Article by Rich Miller in Bloomberg News:
Central banks are intent on driving the world economy perilously close to a recession.
Late to see the worst inflation in four decades coming, and then slow to crack down on it, the Federal Reserve and its peers around the globe now make no secret about their determination to win the fight against soaring prices — even at the cost of seeing their economies expand more slowly or even shrink.
About 90 central banks have raised interest rates this year, and half of them have .......
To read this article in Bloomberg News in its entirety, click here.