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Interest rates hike & housing market crash have made every US citizen wary of the incoming recession.
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Still, several market optimists & economists believe that threat of recession can easily be avoided.
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Goldman Sachs chief economist Jan Hatzius said that the US economy could aim for a soft landing all it needed was Fed's involvement.
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Federal Reserve could easily keep this inflation in check & hinder the imminent economic collapse.
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However, the recent rise in interest rates by 2.25% is regarded as the biggest hike in the last 40 years.
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Still, it's believed that these rising interest rates show more of a positive sign than a hint at an economic collapse.
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Also, there is a sharp decline in fuel prices & as more people start joining the office in physical mode the situation will further become better.
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Economists are also confident that US currency strength will also increase in the coming month. Thus, making recession only a false alarm.
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