Fox40 News

By Jeremy Tanner | Fox40 News (NEXSTAR) – Despite President Trump’s social media declaration that “the USA is Rockin’, there is VERY LOW INFLATION,” the rising cost of living looms over many Americans, especially so in some states, according to a recent CNBC study. While inflation has cooled across many states since the highs of the pandemic, it rose in June and remains a persistent issue for residents of other states. “One of the biggest problems with inflation is that once it has burrowed into an economy, it is very difficult to rid of it,” according to the report. “Just when Federal Reserve policymakers thought they might have finally gotten the better of the inflation that gripped the U.S. economy following the pandemic, along came the specter of tariffs.” To determine whic...