62°F
weather icon Clear
Filters Reset
1 - 7 of about 7 Results
Content Type
Categories
Authors
Tags
Year
Month
older archives
US inflation hit 8.3% last month but slows from 40-year high

Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.

Fed attempts to tame inflation with most aggressive rate hike in 22 years

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.