Inflation reaches 40-year high while insurers and consumers alike eye Fed rate hikes for relief
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Inflation reaches 40-year high while insurers and consumers alike eye Fed rate hikes for relief

Federal Reserve Building in Washington DC

All eyes are on the Federal Reserve meeting next month, after the consumer price index showed a surge to a 7.5% annual pace in January today, a level not seen since 1982.

The consumer-price index rose 0.6% in January from a month earlier, the Labor Department reported Thursday, showing a pickup from December’s 0.5%

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