Annual Inflation Rises 6.8%

Objectivity 3.3 | Credibility 4.5 | Relevance 4.6

Annual inflation increased 6.8%, according to a report by the Bureau of Labor Statistics, the highest inflation rate in four decades. “Hardworking American families are suffering as a direct result of the Biden administration’s reckless borrowing and spending and anti-energy policies,” said Sen. Pat Toomey, the top Republican on the Banking Committee. Fed. Chairman Jerome Powell says interest rates may start rising earlier than expected.