Economic Preview: A pumped-up U.S. economy does have some downsides. Here are two of them.

Bloomberg News/Landov
A woman carries a Prada SpA shopping bag while entering a car in San Francisco, California.

The cost of borrowing in the U.S. is going to get more expensive this week — and higher inflation is to blame.

The Federal Reserve on Wednesday is widely expected to increase a key short-term interest rate that influences the cost of mortgages, auto loans and other forms of borrowing. The central bank began to lift its benchmark rate from near zero at the end of 2016 with the aim to bring it to nearly 3% in next few years. Right now the rate is at the midway point.

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