Inflation Still Unchecked: CPI Posts 8.6% Annual Increase In May
It was the largest 12-month increase since December 1981.
It was the largest 12-month increase since December 1981.
When will the Fed's efforts to tamp down inflation start working?
The central banks lacks "precision tools" but will slow the economy.
Jerome Powell says Fed still focused on price stability
Increases in energy, food, and shelter costs drove the increases.