Reported 7 months ago
Consumer price growth remains at 3%, still above the 2% target set by economic policymakers. The Federal Reserve has been raising interest rates to slow demand and curb price increases. While some prices have stabilized or even declined due to factors like supply chain normalization, housing costs continue to rise. Despite potential improvements in inflation data, consumers are still adapting to higher costs post-pandemic, affecting consumer confidence and voter perceptions of economic handling by leaders.
Source: YAHOO