KPIX CBS Evening News With Norah ODonnell January 26, 2022 23:38:00
Their money, less on vacations and eating out and more more on consumer goods. that high demand couples with labor shortages and business slowdowns have pushed the u.s. inflation rate to 7%, the highest level in 40 years. the upcoming rate increase is designed to cool inflation by making it more expensive to borrow, and in turn, slow down consumer spending. >> the federal reserve is trying to fight a battle against inflation, and investors are very concerned that that battle is one where the fed may have entered too late and may have to play catch-up. >> reporter: polling out today shows almos...
Source: archive.org