Reported about 10 hours ago
After promising to tackle inflation, President Trump is facing similar inflationary pressures that plagued Joe Biden's term. While some indicators suggest inflation might ease in the coming year, the Federal Reserve's concerns over potential tariff-induced price hikes and rising labor costs complicate the economic outlook. Trump's administration has not yet introduced new tariffs but indicates they are forthcoming, which could impact consumer expectations and market confidence.
Source: YAHOO