Sluggish US Growth and Rising Inflation Ahead of Midterm Elections
The US economy expanded at a sluggish 1.5% annual rate between April and June, weighed down by rising imports.
Despite a slowdown in the Federal Reserve's preferred inflation gauge, it rose 3.7% last month above its 2% target.
This has led to public frustration over the high cost of living just under 100 days before the midterm elections.