In February, Americans seeking relief from inflation faced disappointment as underlying price pressures intensified, with the Personal Consumption Expenditures price index rising 2.8 percent year-over-year. Overall inflation reached 2.5 percent, above the Federal Reserve’s target, complicating interest rate decisions amid escalating trade tensions and economic uncertainty. Consumer confidence has plummeted, with expectations of higher inflation and lower growth prompting the Fed to hold rates steady and anticipate further cuts this year.
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