Inflation has more Americans in line at food banks
Hunger-relief groups also are paying more for milk, eggs and other staples needed by families who can't afford them.
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Hunger-relief groups also are paying more for milk, eggs and other staples needed by families who can't afford them.
Consumer prices and employer costs are rising at their fastest pace in decades, as Fed moves to douse inflation.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Markets tumbled in early trade amid mounting concerns about rising U.S. inflation and conflict between Russia and Ukraine.