Inflation Stalls But Pressure Builds | Lubbock News

Inflation’s stubborn grip continues as latest data shows prices holding firm, with core inflation at 3.3% and overall rates climbing to 3.7% — far above the Fed’s 2% target. The Iran war’s fallout, soaring gas prices, Trump-era tariffs, and AI-driven tech costs are fueling the surge, making it a key midterm election issue. With August numbers likely to show an uptick and Fed officials growing increasingly concerned over five years of overshooting goals, higher interest rates may be in store for longer. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b2869fc3c96c6b6f