Donald Trump, inflation
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2hon MSN
Unemployment, inflation and GDP growth will be worse this year than projected, budget office says
The Congressional Budget Office has released new economic projections, indicating that unemployment, inflation and overall growth will worsen in 2025 before improving over the next year
Inflation, interest rates and unemployment continue to stay on the minds of many Americans as federal policy rapidly changes. NPR’s Chief Economics Correspondent Scott Horsley says the economy has downshifted in the last year.
Consumer prices rose 2.9% in August compared to a year ago, marking an uptick in price increases as President Donald Trump's tariff policy intensified. The reading matched economists' expectations.
The U.S. economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday.
The Federal Reserve is expected to cut its benchmark interest rate next week as concerns about the economy intensify.
U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept. 16-17.
Despite a rise in CPI inflation for August to the highest levels in seven months, the probability of a rate cut at the FOMC meeting next week remains 100%. Read what investors need to know.
Inflation ticked up to 2.9% in August, the highest rate since January.
Home equity erosion occurs when inflation outpaces home price growth, reducing homeowners' wealth in inflation-adjusted terms when they borrow against their home or sell.
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its