New Data Shows Red Hot US Inflation Highest in 30 Years -- Analyst Says Rising Inflation Could Hit a 'Tipping Point'

Inflation continues to remain hot in the United States as supply constraints and higher oil prices continue, seeing barrels of crude surge above $80 per unit. Meanwhile, data released on Friday indicates that consumer expenditures have risen to 4.4%, the highest run-up of inflation the country has seen in 30 years. Inflation Continues to Rise […]