Trump orders probe into food supply chain amid rising costs & election setbacks

• Trump ordered a probe into the US food supply chain, tasking the DOJ and FTC to investigate potential price fixing and anti-competitive behavior.
• The investigation aims to address public frustration over rising living expenses, a factor linked to recent GOP election setbacks.
• The probe will also examine whether foreign-controlled companies exert undue influence and pose national security risks to food supply chains.
• This action follows a previous investigation into the meatpacking sector and comes amidst rising inflation.
• The PCE price index, the Fed's preferred inflation gauge, climbed to 2.8% in September, highlighting consumer strain.

Why It Matters: This impacts your daily costs by probing high food prices and supply chain issues.