How inflation is hitting your personal savings
Latest on CGTN • 2m 41s
The U.S. Federal Reserve is expected to increase interest rates by at least half a percentage point on Wednesday.
Officials are trying to rein in rampant inflation that reached 8.6 percent in May. But there are also concerns about a possible recession.
It’s a delicate balance between preventing any downturn while also cooling consumer prices.
CGTN’s Caroline Malone reports.
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