Economic Crisis Getting Worse – Fed Warning

The Federal Reserve warned that the US economic crisis is getting worse. Inflation is expected to remain high, interest rates are expected to continue to rise, and consumer savings are plummeting – leading to fears of rising defaults. Banks are now struggling just like they did in 2008 during the Financial Crisis, and earnings are declining. Hopes of a soft landing are gone. The only question now is how bad will the recession be?

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