US stocks mostly shrugged at the news on Wednesday that consumer prices jumped 9.1% year-over-year in June, a fresh 40-year high and a larger increase than forecast, and pictured the Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC, March 16.
Mandatory Credit: Saul Loeb/AFP/Getty Images/File
Stories this photo appears in:
A truly massive interest rate hike is now on the table
Central banks have made clear that after a sluggish start, they're serious about putting a lid on inflation. Now, as prices soar even faster than expected, they're weighing increasingly drastic options.
