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34% of Americans Are Putting Off Big Purchases Due to Recession Fears. Should You?

34% of Americans Are Putting Off Big Purchases Due to Recession Fears. Should You?

The Federal Reserve has been raising interest rates in an effort to slow the pace of inflation. If consumer spending declines, it should narrow the gap between supply and demand that led to inflation in the first place. Instead, consumer spending has the potential to decline a lot as borrowing costs soar.