Experts are predicting inflation will hit 9% in the next few months and improvement depends on how long it takes for the Federal Reserve interest rate policy to be effective.
"If we don't fix it the only change we'll see is it'll get worse because there will be a recession — if we're able to, we won't get out for at least another nine to 10 months," Cantor said.Prices at the pump are setting records in the United States.
Here are some ways to save.Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US barreling toward recession, experts say, as inflation hits 40-year-highExperts tell FOX Business the U.S. economy is barreling toward a recession, or may already be in one.
Read more »
Survey: Inflation, Ukraine drive 'alarming' spike in U.S. stressMore people rated inflation and the war as stressors than any other issue asked about since the poll was first conducted in 2007.
Read more »
U.S. inflation nears 8 percent, without impact of Ukraine war factored inInflation also rose 0.8 percent between January and February, according to the Labor Department.
Read more »
Spiking inflation intensifies concerns about affordable child care, which experts say is linked closely with economic recoveryInflation is the highest we have seen in four decades, and one does not have to look far for its impacts. The CBS 2 Investigators are asking, what are the solutions?
Read more »
Record gas prices could be here to stay, experts say: ‘Driven by emotion'Energy industry experts say Americans shouldn't expect gas prices to recede from their record highs immediately.
Read more »
Ukraine's Chornobyl disconnected from grid; Moscow says U.S. has declared economic warUkraine has announced its first successful mass evacuation of civilians from the city of Sumy, after days of disruptions due to Russian cease-fire violations.
Read more »