It might take an 'additional alarming piece of information' for the Fed to take a 125-bp rate hike, Liqquidity says. Inflation hits a 40-year high at 9.1%, but bringing the interest up to 2% is 'a lot of work to do.' Watch more, presented by kucoincom:
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U.S. Inflation Hits 40-Year High of 9.1%As a result of the continually rising U.S. inflation, markets are already betting on another 75 basis points hike from the Federal Reserve later this month. June CPI Hits Four-Decade...
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Inflation surges 9.1% in June, accelerating more than expected to new 40-year highPainfully high inflation persisted in June as the consumer price index soared to another 40-year high, adding to a growing list of political problems for the Biden administration.
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US inflation reached a new 40-year high in June of 9.1%A government report Wednesday is expected to show that consumer prices soared 8.8% in June compared with a year earlier.
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Inflation hit 9.1% in June, highest rate in more than 40 yearsInflation hit a fresh record in June, with consumer price increases breaching 9% as the cost of food, shelter and energy surged.
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US inflation reaches 9.1% in June, a new 40-year highSurging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike.
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Annual Inflation Rises to 40-Year High of 9.1%See multiple perspectives from Washington Examiner, Bloomberg, and Wall Street Journal (News) at AllSides.com.
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