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David Gura

EXPLAINED: Job cuts are rolling in here s who is feeling the most pain so far | Rare Historical Photos

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(Ezra Bailey/Getty Images)

The dominos are starting to fall in the U.S. economy.

As the Federal Reserve pumps the brakes on the economy, many American companies are retrenching. There is a growing fear that as the central bank aggressively hikes interest rates to fight high inflation, it could tip the U.S. economy into a recession, and executives are cutting back.

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One subscription that gives you access to news from hundreds of sites

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