In August, inflation in the United States increased at its highest rate since the start of the year, just before an important Federal Reserve meeting to determine future interest rate policies. The US Labor Department reported that consumer prices rose by 2.9% over the year, an increase from 2.7% the previous month.
The Federal Reserve has maintained stable interest rates since the previous year, closely assessing the impact of import tariffs instituted during President Donald Trump’s administration on consumer prices. This ongoing evaluation raises questions about the broader economic implications of such tariffs.
President Trump and some of his supporters have criticized the Federal Reserve for not reducing interest rates as aggressively as central banks in other regions, including the UK and Europe. The contrasting monetary policies provoke discussion about the effectiveness and timing of interest rate adjustments in response to domestic inflationary trends.
Source: https://www.bbc.com/news/articles/c89dxl7nw7yo?at_medium=RSS&at_campaign=rss