US Inflation Reached a New 40-year High in June of 9.1%

US Inflation Reached a New 40-year High in June of 9.1% https://ift.tt/pLbtvUj Surging prices for gas, food, and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.