U.S. officials look to rein in rampant inflation
Caroline Malone

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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