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Central banks around the world are willing to risk recession to fight inflation - and early signs suggest widespread pain for everyone, everywhere

2 monthes ago   |   By Business Insider

Ina Fassbender/AFP/Getty Images
More than 80 central banks are aggressively raising interest rates to cool inflation.
Rate hikes are the best tool for easing price surges but bring with them the risk of recession.
The synchronized rate hikes could throw the world economy into a slump.
Countries around the world are rushing to crush inflation. The price? A global economic downturn. In the US, the Federal Reserve chair, Jerome Powell, has warned that the fight against rising prices will " bring some pain " to Americans by slowing job growth, making mortgages and credit cards more expensive...
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