 "US economy, Economy")
After playing catch-up with inflation through the past year in a policy shift made urgent by relentlessly rising prices, the US Federal Reserve now faces a judgment about whether the economy is strong to motor through even higher interest rates or is on the cusp of a crack-up.
Financial markets and professional forecasters seem braced for the latter. US investors from crypto rebels to index fund loyalists lost in excess of $8 trillion this year as markets wilted under the fastest Fed rate hikes in 40 years; bond markets seem convinced a recession is coming; economists, in surveys by Reuters
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