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Inflation hits 40-year high as concerns about a recession grow

Summary by Ground News
Bank of America has forecasted that the U.S. economy will slide into a recession this year. A number of forces have coincided to slow economic momentum more rapidly than we previously expected, the bank's economists said. The Bank of America forecast puts inflation broadly in line with the Fed's 2% mandate by the end of 2024.

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Techcratic broke the news in on Thursday, July 14, 2022.
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