Business leaders expect inflation to hit 3.7% in the next year, driven by energy costs. This outlook complicates the Federal Reserve's goal of 2% inflation.

President Trump's low approval rating, especially on the economy, is becoming a problem for Republicans heading into the midterm elections, new polls show.
US inflation hit its highest rate in a year, driven by surging energy costs from Trump's war in Iran, causing economic chaos and hitting consumers hard.