Published
Newly released data from the US shows inflation rose there at the highest rate in almost 40 years - to 6.8 percent last month, compared to one year ago.
For months the Federal reserve has been saying it believes inflationary pressures in the US economy are temporary. But prices for goods, gasoline, used cars, rent and food have continued to climb - fueling concerns that high inflation rates are not going away.
What does the news mean for President Joe Biden and his approval rating?
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For months the Federal reserve has been saying it believes inflationary pressures in the US economy are temporary. But prices for goods, gasoline, used cars, rent and food have continued to climb - fueling concerns that high inflation rates are not going away.
What does the news mean for President Joe Biden and his approval rating?
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
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