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Even the Fed doesn't know if there's going to be a recession next year

Dec 14 2022 by Business Insider

Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on December 14, 2022 in Washington, DC. The Federal Reserve announced that it will raise interest rates by a 0.5 percentage point to 4.5.

Alex Wong/Getty Images

The Federal Reserve raised interest rates by 0.5 percentage points on Wednesday. This was a slowdown from the previous hikes of 0.75 percentage points. But the Fed expressed uncertainty with 2023's outlook and...

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Even the Fed doesn't know if there's going to be a recession next year

Dec 14 2022 by Business Insider

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