Latest U.S. Inflation Number ‘Worse Than People Expected’
U.S. inflation hit a 40-year-high in the month of June, rising to 9.1 percent. On Wednesday, President Biden addressed Americans who have been grappling with high prices at the grocery store and gas pump, saying the latest “inflation reading is unacceptably high” and vowing to give the Fed “the room it needs to help it combat inflation.” The Fed will continue its balancing act of implementing interest rate hikes without tilting the economy toward a recession. Senior Writer for The Wall Street Journal Jon Hilsenrath explains how the inflation peak is higher than experts hoped, the Fed’s likely plan until inflation is under control and Americans’ current outlook on the economy.
The new Omicron BA.5 subvariant has emerged and is now the dominant strain of Covid-19 in the U.S. Although both Covid cases and hospitalizations are back on the rise, many Americans no longer fear the virus and are taking their chances without masks and vaccines. Former U.S. Surgeon General Dr. Jerome Adams joins the Rundown to discuss the overall state of the pandemic, why it’s important to assess your personal risk, and why vaccines are still beneficial despite the different variants of the virus.
Plus, commentary by Opinion Editor for The Washington Times Charlie Hurt.
