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Fed Predicts Rising Inflation Amid Slowing Growth

6/20/2025

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Summary

Story summary

The Federal Reserve, under Jay Powell, anticipates rising inflation and slower growth without interest rate cuts.
Blue-collar wages increased nearly 2% in Trump's first five months, supported by a drop in inflation to 1.4%.
Illegal border crossings fell by 93%, boosting wage growth as businesses vie for employees.
Critics claim the Fed's policies lack transparency and overlook the effects of tariffs and tax cuts on inflation.

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Story summary

The Federal Reserve, under Jay Powell, anticipates rising inflation and slower growth without interest rate cuts.
Blue-collar wages increased nearly 2% in Trump's first five months, supported by a drop in inflation to 1.4%.
Illegal border crossings fell by 93%, boosting wage growth as businesses vie for employees.
Critics claim the Fed's policies lack transparency and overlook the effects of tariffs and tax cuts on inflation.