Tag: Laura Rosner-Warburton

Record-Setting Inflation And Pretty Serious Recession Fears!

Economics and Finance Ben - July 13, 2022

U.S. inflation is estimated to have reached a new four-decade high in June, but there are signs of moderating price pressures. According to WSJ, the U.S. consumer-price index is expected to have increased 8.8% in June from the same month a year ago. That would be higher than May’s annual rate of 8.6%. However, fears of an economic slowdown have led to a decline in commodity prices in recent weeks, including oil, copper, wheat, and corn, after those prices rose sharply following the Russian invasion of Ukraine.

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