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Inflation Jumps More Than Expected

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“Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates,” CNBC reports.

“The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%.”

Wall Street Journal: “President Trump’s election initially led businesses to see even better times ahead as executives focused on the potential for tax cuts and deregulation. Consumer confidence also surged, largely driven by new optimism among Republicans.”

“But some signs of concern have crept in amid Trump’s rapid-fire tariff threats, deportation raids and constant executive orders. Preliminary results of a small-business survey by Vistage Worldwide for The Wall Street Journal show that a postelection pop in confidence was reversed in February.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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