US Fed: pain ahead for Americans
Inflation in the US has emerged as one of the greatest problems Americans have ever faced as it hit a 40-year high in May.
The surge in prices is imposing severe pressure on families, forcing them to pay much more for commodities including food, gas, and even rent.
And if Americans were looking for the Fed to ease their concerns, they are mistaken. The Fed has warned of "pain" ahead for Americans in the battle against inflation.
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