Getty Images
Optimism surrounding a declining inflation rate has waned in recent months as Americans saw inflation rise in October, November and December. That increase partially came during the Federal Reserve’s latest interest-rate-cutting campaign, which now seems halted until additional progress is made in lowering the inflation rate to the Fed’s target 2% goal. For now, then, prices on many common items are likely to stay high and savings secured via lower borrowing interest rates will be delayed, perhaps until much later in 2025.
Against this…
