US inflation held firm in December amid pressure on Trump over cost of living
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US inflation remained steady in December, with the consumer price index rising by 2.7% year-over-year, matching the increase seen in November. This stability comes as President Donald Trump faces increasing scrutiny regarding the cost of living affecting millions of Americans. The data was released just before a scheduled speech by the president addressing economic concerns.
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The inflation figures are particularly significant as they come at a time when the Biden administration is grappling with economic recovery post-pandemic, and public sentiment is increasingly focused on the cost of living. The Federal Reserve's policies on interest rates are a critical factor in managing inflation, and Trump's disagreements with the Fed may impact future economic strategies.
This article is based on official data and reflects the economic climate as of December 2023.
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