US inflation

US Fed raises interest rates by 75 bps in face of inflation

Wed, 21 Sep 2022 - 06:47 GMT

This is the third time in a row for Fed to raise interest rates against the background of its struggle with the US soaring inflation due to the Ukraine crisis and its impacts on world economies.

Fuel prices push annual US consumer inflation to six-year high in May

Tue, 12 Jun 2018 - 10:10 GMT

Sharp increases in prices for gasoline, fuel oil, shelter and medical care helped send a key measure of US inflation to a six-year high in May.