Fed Set to Raise Rates Again as Wage Growth Fuels Inflation, Despite Risk of Recession

Key inflation gauge for the Fed rose in March, signaling persistent price pressures.
Wages continue to increase rapidly, good for workers but worrying for policymakers trying to tame inflation.
Consumer spending has stalled, signaling economic caution and increasing recession risks.
The Fed is expected to raise interest rates again next week, despite recession risks, as inflation remains too high.
Higher interest rates may lead to higher costs for loans and damage an already slowing economy.