Fed to decide on potential rate rise before US midterms
Policymakers weigh whether to deliver back-to-back increases in effort to tame inflation exacerbated by Donald Trump’s war against Iran
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Inflation
The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.
When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.
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