Overall, the United States looks strong. But is it strong enough to withstand an interest rate hike by the Federal Reserve? The latest data from the US suggests the turbulences in the global economy might have finally hit the nation.
Federal Reserve Chair Janet Yellen has told the US Congress that interest rates will not have to rise much further. Politicians are concerned that three rate rises have taken place amid an uneven economic recovery.
Kenya’s economy is growing apace, but problems remain. They include high youth unemployment and exploding costs of living. But the issues will not influence the polls in a country where voting happens along ethnic lines.
The Federal Reserve has announced the second interest rate hike this year, lifting it by 0.25 percent to 1-1.25 percent. That's the highest level since 2008, when rates were cut in the wake of the financial crisis.
The US economy saw "slight to moderate" growth in June while signs of mounting inflation remained scarce, according to a report by the Federal Reserve. The weak wage increase is seen as a setback for US citizens.
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