US Inflation Rises to 2.7% Amidst Lower Petrol Prices and Economic Concerns

#Economic Policy#Federal Reserve#Donald Trump#Inflation Data#Petrol Prices#US Inflation#US#US Elections

1080+ Words Refined into 4 Facts by AI • 2 sources • 23h ago

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US inflation rose slightly to 2.7%, despite lower petrol prices.
Housing costs overshadow improvements in consumer confidence and economic data.
Concerns arise over Trump's tariffs potentially increasing inflationary pressures.
Lower petrol prices help, but do not offset rising costs for many.

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Related Update: 23 hours later

November Inflation Rise Complicates Fed's Strategy

786+ Words Refined into 8 Facts by AI • 1 source • 0m ago

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The US consumer inflation rate increased for the second consecutive month in November
KPMG chief economist Diane Swonk: This data really underscores what a game of Whack-A-Mole getting inflation down has been for the Federal Reserve.
Monthly inflation rose by 0.3 percent, driven by housing costs and food and energy
Cost of eggs surged by 37.5 percent due to avian flu
Federal Reserve's current benchmark lending rate is between 4.50 and 4.75 percent
President Joe Biden's advisor: Inflation has been close to pre-pandemic levels for four months
Republican Senator Rick Scott criticized Biden's administration for 20 percent inflation and economic failures
Core inflation stood at 3.3 percent for the year ending November

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