FEDERAL RESERVE BANK Archives - Global Upfront Newspapers

U.S. Inflation Unexpectedly Hits 9.1%, Setting New 40-year High

Global UpfrontJul 13, 2022July 13, 20220

Surging 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

U.S. Federal Reserve Hikes Interest Rates By 75 Basis Points For First Time Since 1994

Global UpfrontJun 15, 2022June 15, 20220

The U.S. Federal Reserve announced Wednesday it would hike interest rates this month at the fastest pace in nearly 30 years after a discouraging May