Last month's consumer price index in the United States rose 7.9% from the same month of the previous year, backed by soaring energy prices, the highest level in about 40 years since January 1982. ..
The Fed, the central bank, is expected to raise rates at a meeting next week to curb record inflation, as energy prices have risen further as Russia's military invasion of Ukraine has led to higher energy prices. There are also concerns that the rise in prices will be spurred.