Inflation is creeping higher, with some Americans saying they’re squeezed: “It’s really challenging”

For Kasey McBlais, a 42-year-old single mom from Maine, rising household expenses and persistent inflation create financial strain, with many Americans sharing her frustrations about high prices. As the Consumer Price Index indicates an annualized inflation rise to 2.9%, the Federal Reserve faces pressure to adjust interest rates amidst a stalling labor market, complicating its dual mandate of managing inflation and promoting employment.

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