President Trump promised to lower grocery bills. But economists and companies say that his administration’s policies are hiking grocery costs.<\/p>\n
Grocery prices last month rose at their fastest pace in three years, stoked by Trump\u2019s tariffs, a crackdown on immigration, and extreme weather hurting food production. Prices jumped 0.6% in August from the month prior, according to the latest reading from the Bureau of Labor Statistics, and they are up 2.7% from a year ago. Food prices are deeply personal to consumers, and weekly grocery bills shape their overall perceptions of the economy. More than half of Americans count grocery costs as a major stress in their lives.<\/p>\n
The Federal Reserve on Wednesday lowered interest rates for the first time since December to support America\u2019s faltering labor market. The Fed cut its benchmark lending rate by a quarter point to a new range of 4% to 4.25%. It\u2019s the first rate cut of President Donald Trump\u2019s second term, following a nine-month pause prompted by the uncertainty surrounding the administration\u2019s major policy shifts.<\/p>\n
CNN’s Danny Freeman speaks with personal finance columnist Terry Savage. #CNN #News<\/p>\n","protected":false},"excerpt":{"rendered":"
President Trump promised to lower grocery bills. But economists and companies say that his administration’s policies are hiking grocery costs. Grocery<\/p>\n","protected":false},"author":1,"featured_media":81977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-81959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts\/81959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/comments?post=81959"}],"version-history":[{"count":0,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts\/81959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/media\/81977"}],"wp:attachment":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/media?parent=81959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/categories?post=81959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/tags?post=81959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}