The US economy is currently facing uncertainty as it navigates through the challenges brought on by the global pandemic. With rising inflation and supply chain disruptions, many experts are predicting a slowdown in economic growth. However, as vaccination rates increase and businesses adapt to the new normal, there is hope that the economy will eventually recover and continue on a path of growth.
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US inflation fell more than expected to 2.8% in February
US inflation fell to 2.8% in February, below expectations, prompting speculation of Federal Reserve interest rate cuts amid slowing economic growth. President Trump's tariffs have caused uncertainty and market volatility, with concerns over potential inflationary impacts. The Bank of Canada also cut rates due to trade tensions, while sectors like medical care and used cars saw price increases in February. Full Article
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