Gas Spike Sends Inflation to Three-Year High, Challenges Fed and Trump

Gas Spike Sends Inflation to Three-Year High, Challenges Fed and Trump
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Gas Spike Sends Inflation to Three-Year High, Challenges Fed and Trump

Spiking gas prices pushed inflation to its highest level in three years last month, creating a clear economic headache for the Federal Reserve and a political test for the Trump administration as midterm elections approach. Gasoline costs jumping sharply can ripple through the whole economy, and that is exactly what happened last month when headline...