U.S. inflation increased last month, with rising grocery and gasoline costs affecting families and businesses, prompting concerns about interest rate cuts.
The U.S. economy expanded at a 2.8% rate in 2024, driven by strong consumer spending, but inflationary pressures persist as policies shift under President Trump.
Trump attacks Fed Chair Jerome Powell for maintaining interest rates as inflation persists, raising concerns about the Fed’s independence and economic policy.
The U.S. economy exhibited robust growth in 2024, with a 2.3% increase in Q4 and steady consumer spending leading the way, though inflationary pressures continue.