US inflation likely reached a new 40-year high in June, driven up by a spike in gas costs, more expensive food and rent, and pricier cars and hotel rooms.
America’s job market has run like a well-engineered machine, adding an impressive average of 540,000 workers a month despite a punishing inflation rate
US consumer prices in December continued to rise at the fastest annual pace in almost 40 years, which could push the Federal Reserve to raise interest rates earlier, the US Labor Department reported on Wednesday.
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