US inflation rises as Americans' confidence improves

Published On Dec 11, 2024, 11:36 AM

Gas prices have fallen to their lowest in three years, which has prompted increased consumer confidence among Americans, particularly supporters of Donald Trump. However, despite the lower petrol prices, inflation rates slightly rose to 2.7% in November, indicating a complex economic scenario where some costs, like groceries and used cars, are still rising. Analysts are concerned about future inflation due to potential government spending and Trump's tariffs. This economic backdrop raises questions about future interest rates and their impact on the economy.