FACT FOCUS: Is inflation a red state vs. blue state issue? It’s increasing no matter how you cut it
Business
WASHINGTON (AP) — After cooling slowly in 2024 and 2025, inflation is rising again, squeezing most Americans’ budgets and making it harder to afford gas, groceries , and other necessities. Inflation reached 3.8% in April from a year earlier, the highest in three years. So, how bad is it really? Larry Kudlow, a financial news commentator on Fox Business, posed that question Wednesday to Kevin Hassett, director of the National Economic Council, which advises the president on the economy. Hassett
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