Inflation hits another 40-year high. What does that mean for shoppers and the next Fed rate hike?
Inflation jumped again in June on a persistent climb in gas, food and rent costs, notching another 40-year high and likely solidifying the Federal Reserve’s plans for another big rate hike this month. Prices increased 9.1% from a year earlier, up from an annual rate of 8.6% the prior month and the largest gain since November 1981, theRead more "Inflation hits another 40-year high. What does that mean for shoppers and the next Fed rate hike?"
