Despite the high interest rates, the economy is growing more than expected

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06/30/2023 14:55 Updated: 06/30/2023 14:55

Despite sharp hikes in interest rates, the US economy is currently growing faster than expected. The Federal Reserve has proven all its critics wrong. No shift in interest rates is in sight.

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Despite Fed Chairman Jerome Powell sharply raising interest rates, the US economy is far from recession. (Photo: dpa)

Photo: Manu Fernandez