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Back in September 2024, optimism surrounding inflation peaked when it was reported to have decreased to 2.4%. With the Federal Reserve targeting a 2% inflation rate, many believed the inflation crisis was dwindling. However, October revealed a concerning uptick to 2.6%, followed by a further rise to 2.7% in November. This reversal has created a palpable sense of unease. The upcoming December inflation report has the potential to further exacerbate these tensions as both Wall Street and government entities brace for sustained high inflation.