Soaring prices push annual inflation in US to 40-year high
- 18-Sep-2022
WASHINGTON: The Federal Reserve is poised to unleash another massive interest rate increase this week after the latest data showed a worrying US inflation picture, which confirmed the need for the central bank to continue to act aggressively. Soaring prices have pushed annual inflation to a 40-year high, inflicting pain on American consumers and businesses, […]