Fed report finds higher fears of inflation and potential recession

A Federal Reserve economic survey released Wednesday pointed to elevated recession fears along with a belief that soaring inflation will last at least through the end of the year.

The central bank’s

a collection of views from across its 12 districts, noted the economy is growing at just a “modest” pace since the last report in mid-May.

Along with that, business contacts reported a general slowdown in demand, with five of the…