US inflation rises ahead of midterm elections, fuelling rate hike fears
Rising US inflation ahead of the congressional midterm elections has left economists divided over whether the Federal Reserve will raise interest rates. Markets are tense.
Rising inflation in the United States ahead of the midterm congressional elections has created uncertainty over what the country's central bank, the Federal Reserve (the Fed), will do next. Economists are divided on whether the Fed should raise interest rates.
The pick-up in inflation has heightened fears of a possible rate hike, and the approaching vote adds to the political backdrop. Financial markets are tense.
The source material gives no specific inflation figures, so the size of the increase and the timing of any Fed decision are not known. What is clear is that economists' views on the next step differ.
