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flag Inflation rises to its highest level since January 2024, driven by housing, food, and energy costs, potentially delaying Fed rate cuts.

flag Inflation is projected to rise to its highest level since January of last year, according to new economic data released today, sparking concerns about the Federal Reserve’s next steps on interest rates. flag The increase is largely driven by higher prices in housing, food, and energy costs, with core inflation—excluding food and energy—also showing upward pressure. flag Economists say the trend could delay any rate cuts in the near term.

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