U.S. inflation continues to be persistent and stubborn

Cryptopolitan

U.S. inflation continues to be persistent and stubborn

The latest round of inflation data is in, just ahead of the Federal Reserve’s policy meeting next week. The news isn’t great. The Commerce Department’s indexes, which the Fed uses to monitor inflation, are showing that prices are still rising, far above the central bank’s target of 2% annually. U.S. consumers are in a tough spot—they’re spending more money than they’re earning. This isn’t something that can go on forever without causing problems…