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Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
The Federal Reserve’s preferred inflation gauge rose to a three-year high in May, driven by higher gas prices and demand for semiconductors and AI-related equipment. Rising costs have led the Fed to maintain key rates, with some economists predicting potential rate hikes, while President Trump faces political challenges as midterms approach.
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- Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
- Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
- Fed’s preferred inflation gauge jumps to 3-year high in latest sign of affordability challenge
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