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February 9th, 2023. Inflation Continues to Impact Your Pocket Book

The President's Daily Brief

00:00

The Price of Eggs and Used Cars Is Going to Rise - Is That Really the Case?

In January, wholesale used car prices were up 2.5% over December because there were more buyers competing for those cars. The Federal Reserve looks very carefully at this data to understand the health of the economy and whether inflation is too high. So with this data of increasing prices for things like eggs and cars, it could mean an uptick in inflation, which could force the feds to keep pushing up interest rates.

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