U.S. Federal Reserve officials signaled last week that the central bank could start raising interest rates in March as U.S. annual inflation surged to an almost 40-year high in December. “Inflation is too high, and working people around the country are concerned about how far their paychecks will go,” Fed …
Read More »Inflation Rate Spikes To 6.8 Percent; Highest Level In Almost 40 Years
The cost of living is increasing at its fastest pace in almost 40 years right now, with data out on Friday showing the country’s inflation rate hit 6.8 percent last month. The U.S. Bureau of Labor Statistics said Friday that higher costs for gasoline, shelter, food and new and used …
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