Inflation Surge in the U.S. Forces Fed to Halt Rate Cuts Amid Economic Pressure
The United States is still grappling with inflation, which closed 2024 at 2.9%,according to data released by the Bureau of Labor Statistics. This figure is notably above the Federal Reserve’s target of 2% and has been accelerating for three consecutive months. The persistent rise in prices, coupled with a robust labor market, has led the … Read more