“A monthslong surge of inflation set off by the Iran war has driven up costs nationwide for gasoline, groceries and other products, squeezing many household budgets.
Shoppers expect inflation to rise even more over the next year, according to a recent University of Michigan consumer survey, while individuals’ view of their financial outlook has worsened.
In response to rising prices, a key long-term Treasury rate hit its highest level in nearly two decades earlier this month, even before the Federal Reserve raised benchmark borrowing costs. The rise in borrowing costs pushed up rates for loans like credit cards and mortgages, threatening to worsen the financial crunch.”
—ABC News, ‘Can’t catch a break’: Shoppers squeezed by surging inflation and higher interest rates
The American people can’t catch a break thanks to Trump and Republicans. They are making us hungrier, poorer, sicker and less secure.