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Kansas City's chances of weathering an economic downturn

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Federal Reserve Chairman Jerome Powell during his Wednesday press conference.
Olivier Douliery
AFP via Getty Images
Federal Reserve Chairman Jerome Powell at Wednesday's press conference announcing the latest increase in the interest rate.

There's talk of a possible recession, but Kansas City might fare better than other places due to the major employers it houses.

The Federal Reserve's latest attempt to curb rising inflation by raising the interest rate another three-quarters of a point may take some time to be felt by consumers.

People are still buying, but they're spending less. Meanwhile, businesses are still open, but some are cutting staff and inventory. All of this has increased speculation about a recession.

Economists define inflation and assess the the Fed's actions to bring inflation under control. When it comes to recession, however, the definition depends on who you ask and what factors they consider.

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When I host Up To Date each morning at 9, my aim is to engage the community in conversations about the Kansas City area’s challenges, hopes and opportunities. I try to ask the questions that listeners want answered about the day’s most pressing issues and provide a place for residents to engage directly with newsmakers. Reach me at steve@kcur.org or on Twitter @stevekraske.
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