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September 15, 2025

Fed in tough spot with inflation, jobs

WASHINGTON (AP) — Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.

The reading is the last the Fed will receive before its Sept. 16-17 meeting, when policymakers are widely expected to cut their short-term rate to about 4.1% from 4.3%.


 
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