U.S. inflation reached a new 40-year high in June of 9.1% By on July 13, 2022 Lower-income and Black and Hispanic Americans have been hit especially hard. Read MoreEconomy Published in Business More from BusinessMore posts in Business »Biden lauds zero percent rise in inflation last monthThe Fed’s global problemThe Fed’s global problemAmid recession fears, Biden officials emphasize ‘strong’ economic outlookBiden enters the Always Be Closing phase of his first termBiden enters the Always Be Closing phase of his first termU.S. economy shrinks again, creating new headwind for BidenU.S. economy shrinks again, creating new headwind for Biden