Federal's fight against inflation may lead to a global downturn.

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The United States has not yet experienced a recession

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as a result of the Federal Reserve's efforts to reduce

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inflation through interest rate increases. However, a World

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Bank report that was released on Tuesday indicates

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that the actions taken by the US central bank

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may have far-reaching economic effects.

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At its meeting next week, the Federal Reserve is likely to stop

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raising interest rates. As of Friday afternoon, Fed fund

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futures showed a 72% chance that policymakers would keep raising rates.

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