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The sudden shock to the U.S. economy threatens to keep inflation high and challenge employers’ ability to hire. As a result, the Fed is expected to pause its rate cut. The central bank will also issue new forecasts as its leadership is set to change in May. CNBC’s Matt Peterson reports.
Reporting by: Matt Peterson
Produced and Edited by: Carlos Waters
Senior Managing Producer: Shawn Baldwin
Additional footage: Getty Images
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