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While celebrating the anniversary of the Inflation Reduction Act, the US continues to struggle with rising prices.
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The Consumer Price Index (CPI) has shot up straight for the second consecutive month.
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Economists and analysts are speculating on the next move of the Federal Reserve with their insights.
U.S. President Joe Biden recently celebrated the one-year completion of the Inflation Reduction Act. However, the Consumer Price Index (CPI) continued to rise for the second month in a row. As per reports, a rise in the prices of gasoline and household expenses are to be blamed. The news highlights the Federal Reserve’s continued struggle to harness the rising prices.
On the other hand, prices of furniture and used cars are going down. Despite that, rising prices remain a matter of concern, especially when it happens due to oil. The precise rate at which prices increased monthly is 0.6%. In July, it was just 0.2% but it took a bigger
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