Inflation Surges, Fed Caught in Bind
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
US inflation surges to 3.3% yearly, highest in almost two years, driven by energy prices and airfares, as the US-Israel war with Iran disrupts oil supply. Core inflation remains relatively stable. Despite a brief ceasefire, oil prices remain elevated. GDP growth slows, producer prices rise, but jobs market holds strong. Fed faces challenges in managing rates amid ongoing conflict.
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