💨 Abstract
In June 2025, inflation in the U.S. surged to its highest level in four months, with consumer prices rising by 2.7% year-over-year, primarily due to increased costs of gas, food, and groceries. President Donald Trump faces political challenges due to this rise, as he has vowed to reduce costs. Hurricane inflation coupled with Trump's tariffs may deter the Federal Reserve from cutting interest rates, despite Trump's demands.
Courtesy: WTOP Staff
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