Americans Hurting From Soaring Inflation As Fed Expected To Raise Rates Again
July 26, 2022
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1:53Now PlayingAmericans Hurting From Soaring Inflation As Fed Expected To Raise Rates Again
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as posted by the channelAcross the country, inflation is soaring and up 9.1 percent year-over-year. Many families are asking for help at the Loudon County food bank in Virginia, but they ran out of food after 90 minutes. Meanwhile, a new AAA poll finds 88 percent of those asked are cutting back on driving due to higher gas prices. All of these factors are adding pressure on the Federal Reserve, which is expected to raise interest rates another three-fourths of a percentage point this week.
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