Inflation: Prices Rising At Fastest Rate In 40 Years
The latest consumer price index report found prices for things like food, gas and housing are rising at the fastest rate in four decades.
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The latest consumer price index report found prices for things like food, gas and housing are rising at the fastest rate in four decades.
The president of the New York Federal Reserve said Omicron could prolong supply and demand mismatches, causing some inflation pressures to last.
The president of the New York Federal Reserve said Omicron could prolong supply and demand mismatches, causing some inflation pressures to last.
Jerome H. Powell, who will appear before the Senate Banking Committee on Tuesday, also plans to tell lawmakers that price gains could last well into 2022, according to prepared remarks.
Facing delays, shortages and higher prices for raw materials, companies are finding new sources. Not all are able to pass along the costs.