International Associated Press
Trump claims inflation 'defeated,' but prices remain high for many Americans despite rate cuts
President Trump said inflation is 'defeated' and interest rates have been cut by the Federal Reserve, yet prices remain high for many Americans. Inflation has risen in three of the last four months, slightly higher than it was a year ago.
Inflation has risen in three of the last four months and is slightly higher than it was a year ago, contradicting former President Donald Trump's claim that inflation is 'defeated'. Despite the Federal Reserve cutting interest rates, prices remain too high for many Americans. The latest data shows inflation remains above pre-pandemic levels, with some indicators still outpacing their pre-covid levels.
Brief written with AI from reporting by Associated Press. All rights to the original story belong to the publisher.