Inflation Spikes More Than Expected in Every Indicator That Matters
Business
On the 2024 campaign trail, President Trump promised to “end inflation” and increase affordability, while touting economic proposals widely considered to be at odds with that promise. In April, he dubiously declared victory, saying , “We already solved inflation.” On Thursday, the Commerce Department reported an increase in the Federal Reserve’s go-to monthly inflation indicator for June, as Trump’s tariff threats start to hit consumers. The personal consumption expenditures, or PCE, price
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