Asian shares slide after Fed rate comments, Wall Street drop

Keep talking, JP. Working for now but eventually the "all talk, no (or little) action" policy will fail.

unspoken nod to the potential for a recession

I think everyone in the financial world knows that the Federal Reserve is causing a recession in order to defalte the economy.

Ubesh,their will be no recession in American,when American are spending money like a drunken sailor

The idea of raising the Interest Rate to curb inflation is old and OBSOLETE

Raising interest rates will not fix inflation, because it is being caused by deglobalisation, not general trends or market forces.

Deglobalisation means high inflation, high interest rates, high prices and high levels of poverty for years to come. Feel free to bury your heads in the sand, but political decisions have real world consequences.

The idea of raising the Interest Rate to curb inflation is old and OBSOLETE

What makes it obsolete? Honest question, as I'm not an economist.