Inflation Surge in the U.S. Forces Fed to Halt Rate Cuts Amid Economic Pressure

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