David Gura - NPR News
Another big Fed rate hike is here to battle inflation. Economy hangs in balance.
U.S. Federal Reserve raises rates for fourth time in 2022, this time by another three-quarters of a percentage point to battle inflation. It's at a size and pace we haven't seen since the 1980s.
No, you are not imagining it. Prices for a lot of things did jump in April
Consumer prices surged 4.2% in April from the depressed levels of a year earlier when the global economy was hit hard by the coronavius pandemic, according to the Labor Department on Wednesday.