Jerome Powell
US inflation probably hit the fastest in four decades, helping explain a shift in the Federal Reserve’s (Fed) approach to monetary policy as well as more consumer anxiety about the economy.
The widely followed consumer price index on Wednesday is forecast to rise 7% for the year through December and climb 0.4% from a month earlier. The following day, another Labour Department report is projected to show prices paid to producers surged nearly 10% in 2021.
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