The Federal Reserve's massive rate hike this week has fueled speculation on Wall Street that the U.S. economy is headed for a recession soon as inflation roars.
Wall Street is increasingly skeptical that thecan crush inflation without also triggering an economic recession as the U.S. central bank hikes interest rates at the fastest pace in decades.
Another hike of that magnitude could be on the table in July amid signs of stubbornly high inflation,told reporters after the meeting, prompting investors to reassess the economic outlook.
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