Joyce Kaufman

Inflation at 40-year high pressures consumers, Fed and Biden

Money closeup of american hundred dollar bills
Money closeup of american hundred dollar bills .

No mean Tweets, though!

Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.

Read more at the AP