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 »Twitter reached $7 million settlement with whistle-blower.Twitter reached $7 million settlement with whistle-blower.Yellen Embarks on Economic Victory Tour as Midterm Elections ApproachYellen Embarks on Economic Victory Tour as Midterm Elections ApproachVice Journalists Raise Concerns About Potential Deal With Saudi-Backed FirmVice Journalists Raise Concerns About Potential Deal With Saudi-Backed FirmE.C.B. Raises Interest Rates to Tame InflationE.C.B. Raises Interest Rates to Tame InflationBernard Shaw, CNN’s Lead Anchor for 20 Years, Dies at 82Bernard Shaw, CNN’s Lead Anchor for 20 Years, Dies at 82