Driven by rising housing, transportation, and service costs,
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{"content":"Driven by rising housing, transportation, and service costs, the inflation rate in the United States rose to 2.9% last month, raising concerns about monetary policy. Supply chain issues, strong demand, and wage growth are among the reasons for the rise in inflation. The Federal Reserve faces challenges in balancing price stability and employment, which could impact future interest rate decisions. As the cost of living rises and consumer confidence declines, businesses are prompted to adjust pricing strategies. Economists are debating whether inflation is temporary or structural.
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