CBS Evening News with Norah O'Donnell, 06/14/23
CBS Evening News
00:00
The Fed's Pause on Interest Rate Hikes
The Federal Reserve today paused its recent interest rate hikes, leaving them unchanged after 10 straight increases in its bid to fight inflation. While the cost of electricity, eggs and meat and gasoline went down in May, overall grocery prices were nearly 6% more expensive over last year. Bakery owner Jenna Huntsberger said the rising costs have taken a toll.
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