Latest News

: ‘There are considerable headwinds in the Fed’s fight against inflation’: The biggest monthly rent increase in 36 years adds fuel to the inflation fire


Rent prices are helping to fuel inflation, new government data shows, seeing their largest monthly increase in more than three decades.

The consumer price index jumped by a stunning 9.1% in June from a year earlier, according to a Wednesday report from the Bureau of Labor Statistics. And while a lot of the blame is being placed on soaring gas prices — the overall energy index accounted for almost half the increase in inflation from May to June — housing costs are fanning the flames too.


Investors are obsessed with size of Fed’s next rate hike. Here’s what they’re missing.

Previous article

Key Words: ‘The one thing I worry about that we don’t talk enough about is food,’ BlackRock’s Larry Fink says

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News