Rising Prices and High Rates Put Pressure on Trump
Prices in the United States are still going up. Gas now costs $6 for one gallon in some places. This is a lot of money for drivers.
The government also pays more money on its debt. This is called the Treasury rate. Right now, it is 5%. This is high.
These numbers are a problem for President Trump. High prices make people angry. People want cheaper gas and food.
Inflation means prices go up over time. In the US, inflation is still high. This makes life harder for families.
Many people want the Fed to help. The Fed is the US central bank. It can change interest rates.
There is more pressure on the Fed now. People want it to act fast. They want lower prices soon.
On the stock market, some news was good. The Dow Jones went up. It rose 1.15% by 7:30 in the evening.
The Dow Jones is a group of big US companies. When it goes up, it can mean good news for business.
Vocabulary8 words
- gallon
- a unit for measuring liquid, like gas
- debt
- money that you owe
- Treasury
- the part of government that manages money
- Trump
- the President of the United States
- inflation
- when prices go up over time
- Fed
- the central bank of the United States
- stock market
- a place where people buy and sell parts of companies
- Dow Jones
- a list of important US company prices
Quiz
Answer key
1. $6 2. 5% 3. Up
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Prices in the United States are still going up. Gas now costs $_____ for one gallon in some places.
The government also pays more money on its _____. This is called the Treasury rate.
Right now, it is _____%. This is high.
These numbers are a problem for President _____.
High prices make people angry. People want cheaper gas and _____.
_____ means prices go up over time.
Many people want the _____ to help.
There is more _____ on the Fed now.
On the stock market, some news was _____.
The Dow Jones went up. It rose _____% by 7:30 in the evening.