Fed and household budgets face tough rates

The report indicates that the decision by the U.S. Federal Reserve to raise interest rates again reflects the continued strength of the economy and its assessment of persistent inflation exceeding the target level of 2%. It is expected that the interest rate will be increased once more before the end of the year, which will further increase borrowing burdens and debt costs for households and government budgets. The aim is to control inflation despite the economic and social challenges associated with this move.

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