Federal Reserve Faces Challenges as Inflation Remains Above Target
Inflation remained 2.9% in June and July due to tariffs and supply chain issues.
August prices increased 0.4% YoY, driven by groceries, gas, used cars, and clothing.
Core inflation stayed at 3.1% while Fed faces 2% target gap and 4.3% unemployment.
Persistent inflation may delay rate cuts despite slowing hiring and growth.
5 days ago