NJ Spotlight News | Business Report: Highest inflation level in 40 years

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NJ Spotlight News | Business Report: Highest inflation level in 40 years | Season 2022

_{//business-finance.news-articles.net/content/202 .. est-inflation-level-in-40-years-season-2022.html}
^{Published in Business and Finance on Sunday, June 15th 2025 at 1:40 GMT by PBS}

Inflation surged 7.5% on an annual basis

The PBS NewsHour Business Report discusses several key economic issues. It highlights the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing negotiations between the United Auto Workers union and major car manufacturers, with a potential strike looming if no agreement is reached. Additionally, it touches on the impact of climate change on the insurance industry, noting that insurers are raising premiums or pulling out of certain regions due to increased risks from natural disasters. Finally, the report mentions a slight uptick in consumer confidence, despite persistent concerns about economic stability.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1644523151/ ]

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