. Scorching hot inflation amplifies recession fears « JO LEE MAGAZINE

Axios – May’s inflation report is a disaster for the “soft landing” camp — policymakers and politicians hoping to tame inflation without an all-out recession. Prices rose 1% alone during the month, bringing the year-over-year increase to a fresh four-decade high.

The Fed will likely have to take more aggressive steps to cool demand broadly in the economy to tackle worsening inflation, which amplifies the risk of a sharp economic downturn.

Learn more at Axios.

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