Like other countries, the cost of living in the US is soaring due to rising food and energy prices. Inflation hit a 40-year high of 8.6% in the year to April and the US Federal Reserve has been increasing borrowing costs to try to cool the rate of price growth. The US economy created 372,000 jobs in June, according to official figures, with employment growing by far more than forecast. The US economy and the stock market have both struggled in the first half of 2022, in the face of risks that include a multi-decade high in inflation, aggressive monetary policy tightening. Is the United States gaining as Russia fights Ukraine ?
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