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Many predict a recession is imminent, with some suggesting it is already underway due to the Federal Reserve sharply raising interest rates to combat an overstimulated economy. In response to fear over pandemic shutdowns, the Federal Reserve pumped over $6 trillion into the US economy, with Congress injecting close to another $6 trillion in stimulus-related spending. This has resulted in an overstimulated economy and high inflation due to the rapid increase in the money supply in 2020 and 2021.