Reported about 5 hours ago
In a recent post, President Trump claimed there is 'virtually no inflation' and criticized the Federal Reserve for not lowering interest rates, despite inflation being above their 2% target. While overall inflation has slowed to 2.4%, food prices rose by 3%, and energy costs fell by 3.3%. The Federal Reserve remains cautious amidst uncertainty from new tariffs implemented by Trump, which could potentially raise inflation to 4.7%. Central bankers continue to hold the interest rates steady while observing the economic impact of these changes.
Source: YAHOO