Treasury Warns of Rising Inflation Despite Trump's Denial

The Treasury Department reported that inflation remained above the 2% target in Q3, contradicting President Trump's claims of no inflation, with inflation at 3% in September. Despite steady economic growth and moderate wage increases, lower-income consumers are struggling more than higher-income groups. The labor market shows slight moderation, and upcoming GDP and jobs data are delayed due to a government shutdown. The report highlights potential risks and the impact of artificial intelligence on the economy.