US EditionTrump Says Inflation Is 'Defeated' and the Fed Has Cut Rates, yet Prices Remain Too High for Many
Trump supports Federal Reserve rate cuts despite inflation above 2% target, as tariffs contribute to higher prices on imports and groceries rose 2.7% in August, officials said.
- Despite claims of victory over inflation, it remains above the Federal Reserve's target of 2%, with consumer prices rising 2.9% from a year ago.
- Grocery prices saw a significant increase of 2.7% in August, marking the largest gain since 2015, indicating ongoing inflation issues.
- Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, warned about the risks of high inflation and its difficult consequences.
82 Articles
82 Articles
Inflation has risen in three of the last four months and is slightly higher than a year ago, when it helped sink then-Vice President Kamala Harris's presidential campaign. However, it doesn't seem that way when you listen to...
Washington.- Inflation has increased in three of the last four months and is slightly higher than it was a year ago, when it contributed to sinking the presidential campaign of then-Vice-President Kamala Harris. However, it doesn’t seem like it by listening to President Donald Trump or even to some of those fighting inflation in the Federal Reserve. “Food prices have gone down, mortgage rates have gone down and inflation has been defeated,” Trum…
Trump keeps saying he's 'defeated' inflation but coffee is 21% more expensive and groceries just had their largest non-pandemic jump in a decade
Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris’ presidential campaign. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve. Trump told the United Nations General Assembly late last month: “Grocery prices are down, mortgage rates are down, and inflation has been defe…
Consumers disagree that inflation ‘defeated’
WASHINGTON — Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris’ presidential campaign. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve. Read more...
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