this post was submitted on 29 Jan 2025
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They're part of the consumer price index, a measure of inflation which in turn impacts the fed interest rate. A high rate means a high cost of borrowing which is bad for business (especially small business / start ups).
For most people it just contributes to the cost of living crisis but it has greater implications on the economy as a whole.
Trump has promised a reduction in interest rates this year while nearly all of his policies are designed to worsen inflation in the short term.