Current 12-month inflation at 3.8%, just above the Fed's 2% target. Core inflation, minus food and energy, increased to 2.6% from last year. Energy inflation spiked 17.9%, driven by the Iran conflict.
President Donald Trump promised to lower costs on his first day in office. But his import tariffs and war with Iran have made that impossible for now. Just How Bad Is Inflation Now? Inflation surged ...
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