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NJ Spotlight News | Business Report: Interest rates rise | Season 2022

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Federal Reserve forecasts anemic economic growth, rising unemployment
The video at the provided URL is a business report segment from PBS NewsHour, focusing on recent economic developments. It discusses the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing debate about the debt ceiling in Congress, with insights into how a potential default could impact the economy. Additionally, it highlights the latest job market trends, noting a slowdown in hiring but still robust employment figures. The segment concludes with a brief analysis of how these factors might influence future economic stability.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1663790794/ ]