Inflation Eases as Consumer Prices Rise 6.3 Percent in July
Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.
Surging Gas Prices Drove US Inflation to 40-Year High
Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.
Powell: ‘No Guarantee’ Fed Can Tame Inflation, Spare Jobs
Federal Reserve Chair Jerome Powell said there’s “no guarantee″ that the central bank can tame runaway inflation without hurting the job market.
Biden Plots Inflation Fight With Fed Chair as Nation Worries
Focused on relentlessly rising prices, President Joe Biden plotted an inflation-fighting strategy Tuesday with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on the actions of the government’s central bank.
