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Podcast covers higher than expected inflation data, a controversial abortion ruling in Arizona, and House GOP blocking reauthorization of the Foreign Intelligence Surveillance Act. Discussions on economic impacts, pro-life voter concerns, and failed FISA bill reforms are intriguing.
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- March inflation data surpassed expectations, rising 3.5%, dimming hopes for Federal Reserve interest rate cuts.
- Arizona's abortion law sparks GOP political divisions, with unexpected dissent and shifting party stances.
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Inflation Continues to Rise Above Expectations
Despite initial optimism from Fed officials that inflation spikes in previous months were seasonal anomalies, the latest report reveals that the All-important Consumer Price Index rose 3.5% compared to the same month last year, exceeding projections. The surge in prices is widespread, with insurance costs, car repairs, veterinarian expenses, and baby formula notably increasing. Gas prices have also contributed to the overall inflation rate, reflecting a 47% increase since President Biden took office.
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