By Andrew Moran A spike in energy prices sent the annual U.S. inflation rate to its highest level since May 2024, according to the Bureau of Labor Statistics. Last month’s Consumer Price Index report showed that the 12-month inflation rate climbed to 3.3 percent, from 2.4 percent in February, the bureau reported on April 10. […]
Tag: Federal Reserve System
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
