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flag US inflation at 2.3%, with Trump tariffs potentially raising costs and unemployment.

flag This week's US inflation report shows a 2.3% increase year-on-year, with economists predicting a potential rise as retailers restock with tariff-affected goods. flag President Trump's tariffs, which temporarily reduced China's tariffs from 145% to 30%, are expected to cost the average middle-class household an additional $2,200 annually. flag Yale University's Budget Lab reports that tariffs, especially on textiles, are causing 15% higher prices for shoes and 14% for apparel and could raise the US unemployment rate by 0.4 percentage points by 2025. flag The Federal Reserve will monitor the impact on inflation and economic growth.

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