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Economy in Tension: Jobs, Inflation, Tariffs | Salt Lake City News
Unemployment hits a 50-year low as just 187,000 people file claims—a number last seen in 1969—fueling claims of a booming economy, even as AI surges and the president touts the stock market. But inflation fears are rising again, driven by oil and gas spikes tied to global shipping disruptions in Iran, pushing up grocery and travel costs. Economists forecast inflation near 3.5% this year, eroding real wage gains. Complicating matters, the president has imposed new tariffs on over 80 countries, while the Federal Reserve prepares for its most unpredictable meeting yet under a new chair pressured…
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