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💰🇺🇸FEDERAL RESERVE RAISES RATES IN EMERGENCY SESSION 🔹 Fed chairman announces surprise 1.25% rate hike to combat inflation surging past 8.7% annually 📈 🔹 Wall Street tumbles 1,200 points in after-hours trading as recession fears grip markets 📉 🔹 Mortgage rates expected to hit 10.5%, highest since 1980s, crushing homebuyer demand instantly 🏠 🔹 Credit card interest could reach 35% as banks pass costs to consumers struggling with debt 💳 🔹 Small business loans become unaffordable, threatening 2.8 million jobs across Main Street 🏪 Economic shockwaves about to hit every American household 🌊💸 #USNews#economy @america