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US job market may soon fuel inflationary pressures as wages rise

By Estefano Gomez

Rising wages may prompt the Federal Reserve to adjust interest rates, impacting borrowing costs and economic growth strategies. The post US job market may soon fuel inflationary pressures as wages rise appeared first on Crypto Briefing.

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Federal Reserve

The central bank of the United States, which sets US interest rates and supervises banks.

Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.

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Interest rate

The price of borrowing money, expressed as a percentage of the amount borrowed. A central bank sets a benchmark rate that other rates follow.

It decides how much people pay on loans and mortgages and how much savers earn, and it is the main tool for fighting inflation.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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