Wholesale Inflation in June Surged 11.3 Percent From a Year Ago
Inflation at the wholesale level climbed 11.3 percent in June compared with a year earlier, the latest painful reminder that inflation is running hot through the American economy.
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.
US Consumer Confidence Slumps to Lowest Level in 16 Months
U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade.
