A shopper in a grocery store in Oakland, California. US Labour Department data showed sharply higher food and record gas prices pushed inflation up 8.6 per cent last month from a year earlier. EPA
A shopper in a grocery store in Oakland, California. US Labour Department data showed sharply higher food and record gas prices pushed inflation up 8.6 per cent last month from a year earlier. EPA

Business

Economy

Soaring US inflation triggers bets on bolder Fed rate rises

Economists are predicting that the central bank will deliver a jumbo-sized interest increase in coming months

Reuters

June 12, 2022

On The Money

Make money work for you with news and expert analysis

      By signing up, I agree to The National's privacy policy
      On The Money