The latest inflation data has cast doubt on hopes for a Federal Reserve interest rate cut, a prospect eagerly anticipated by former President Donald Trump. The Producer Price Index (PPI) revealed a significant increase, suggesting persistent inflationary pressures in the economy, which may influence the Fed to maintain or even increase rates instead of cutting them. This development contradicts Trump’s recent calls for the Fed to lower interest rates, claiming it would stimulate economic growth. The unexpected rise in the PPI emphasizes the complexity of balancing inflation with economic recovery. Financial analysts stress this could push the Federal Reserve to adopt a more cautious approach before making any adjustments. As the economy continues to exhibit these inflationary trends, businesses and consumers alike may need to brace for tighter monetary policy. This situation is a telling indicator of the economic hurdles the nation faces in its recovery.
NewsweekNew data shows North Korea Rice Prices Surge to Highest Levels Since 2009 Reform
August 16, 2025
In a concerning development for the North Korean economy, new data reveals that rice prices have soared to their highest levels since the 2009 currency