inflationU.S. economycost of livingInflation persists in the U.S. despite a solid economy on paper, with March likely seeing continued elevated price increases affecting Americans' cost of living.
Despite a low unemployment rate and high stock prices, the average prices have increased by over 20% since the pandemic's start, straining wallets and making goods and services, including housing, seem unreasonably expensive. The Federal Reserve's efforts to curb inflation by increasing borrowing costs have yet to bring the desired slowdown in price growth, leaving Americans facing stagnated pay and high borrowing costs.