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Sluggish US Growth and Rising Inflation Ahead of Midterm Elections

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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.

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