Trump poised to take office with inflation threatening to persist
Next week, President-elect Donald Trump will return to the White House in the face of a more difficult economic environment than when he was initially inaugurated in in 2017, beginning with the inflation threat.
Data on consumer price increases for December was scheduled to be released by the Bureau of Labor Statistics on Wednesday. While the so-called core rate, which takes into account more volatile factors, was predicted to have stayed the same, forecasters polled by Dow Jones predicted that inflation had reaccelerated in December.
The information would provide more proof that efforts to lower inflation have stopped. The BLS announced on Friday that the nation added 256,000 jobs last month, which was much higher than anticipated and suggests that U.S. economic growth is not just stable ...