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Richard Warr on the Federal Reserve Decision to Raise Interest Rates

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Richard Warr, professor of finance, explains that while the Federal Reserve’s decision to raise interest rates is not likely to cause a recession, an economic slow down or “shallow recession” is possible.

“That will have an impact on the local economy but whether that is a big impact. … We’ve got other things that are driving the economy,” said Warr. “For some other areas of the country, they may see a more dramatic impact.”

Read the full article in the Triangle Business Journal.