Inflation Surges, Fed Faces Tough Decisions
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Inflation held steady in February, but a U.S.-Israeli attack on Iran sent oil prices soaring, causing gas prices to jump sharply. Grocery and clothing costs also increased, putting pressure on businesses and consumers alike. March inflation could reach a four-year high, challenging the Feds efforts to control prices. The Fed faces a tough decision next week, balancing weak job numbers against rising inflation pressures.
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