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  U.S. Economy Facing Challenges of Inflation and Rising Interest Rates The U.S. economy is currently grappling with significant challenges, namely inflation and rising interest rates. These factors have far-reaching implications for businesses, consumers, and the overall economic landscape. In this article, we will explore the causes and consequences of these challenges, while providing insights on how individuals and businesses can navigate these uncertain times. Understanding Inflation Inflation refers to the sustained increase in the general price level of goods and services in an economy over time. In recent months, the United States has experienced a steady rise in inflationary pressures. As of April 2023, the Consumer Price Index (CPI) recorded an alarming 8.3% increase compared to the previous year, marking the highest inflation rate seen in four decades. Factors Contributing to Rising Inflation Several factors have contributed to the escalation of inflationary pressures in the