Economy update: Massive interest rate hike, inflation woes and recession concerns
The Federal Reserve hiked interest rates by a significant amount to try and tackle inflation. Recession concerns are rising. Retail sales went down a third of a percent. Homebuilding slumped in May. Put all these things together, what do they mean for the economy? What's important, and what's hype?
The Week in Philly from KYW Newsradio
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Show Notes
The Federal Reserve hiked interest rates by a significant amount to try and tackle inflation. Recession concerns are rising. Retail sales went down a third of a percent. Homebuilding slumped in May. Put all these things together, what do they mean for the economy? What's important, and what's hype? We ask Philadelphia economist David Fiorenza.
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